Which of the following statements is true regarding training for entrepreneurial ventures:

the type of training depends on the nature of the business

What is a trend that affects the growth of entrepreneurial ventures?

a higher demand for more convenience products

Governments can encourage entrepreneurial development by

deregulating and reducing taxes

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entrepreneurship 1.02

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Answers

1
What is a disadvantage of entrepreneurship?
uncertain income
lower taxes
<p>fewer resources</p>
personal satisfaction
2
Which of the following statements is true regarding training for entrepreneurial ventures:
once they are trained there is no further education needed
most entrepreneurs must pass a state-mandated exams
most entrepreneurs have degrees from a four-year university
the type of training depends on the nature of the business
3
what is a financial concern that entrepreneurs often face when starting new businesses:
long working hours
shorter vacations
irregular paychecks
lower production standards
4
Successful entrepreneurs enjoy and love their work, so they have __________ what they do.
reservations about
passion for
apathy for
concerns about
5
What is a trend that affects the growth of entrepreneurial ventures?
the shift to an agricultural based society
a rise in consumers' desire for slow-response times
a higher demand for more convenience products
the reduced need for health care and related services
6
Entrepreneurs find start-up ideas by looking for gaps between what is currently being done and
when changes were last made
how things are being done
what was done in the past
what needs to be done
7
Home-based businesses are attractive to many people because the businesses generally
have lower start-up cost
require less technical training
provide owners a steady income
yeild higher profit margins
8
What is it called when someone sees a possible bad outcome but still works toward a goal?
risk taking
self- discipline
creativity
flexibility
9
Even when times are tough for Caitlin's business, she tends to remain positive this is called?
organization
determination
optimism
innovation
10
Governments can encourage entrepreneurial development by
deregulating and reducing taxes
incresing intrest rates on loans
establishing higher ethical standards
passing more legislation with strict guidelines

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