Entre_Chapter 1 Test Review

When an entrepreneurial business is successful, employees will receive large profits.

About 50% of new businesses survive for five years

An entrepreneur can expect to earn large profits immediately after starting a business.

Which of the following is a service business?

Which of the following is not a characteristic of a successful entrepreneur?

The final step in the problem-solving model is to

Running your own business is difficult, and many companies started by entrepreneurs go out of business.

Which of the following is not a step in the problem-solving model?

To help them make decisions and solve problems, entrepreneurs often use

Nonfinancial goals are important for an entrepreneur because they

The creativity of entrepreneurs has led to technological change and increased productivity.

Aptitude is the ability to assess your interests and past experiences.

All of the following can help you to determine if a business opportunity is realistic except

Entrepre may set up a brainstorming session with their employees when faced with a new opportunity /difficult problem.

An assessment of your interests is