stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Entrepreneurship Unit 1 Flashcards | StudBud
Explore
/
Entrepreneurship Unit 1
Entrepreneurship Unit 1
20 terms
·
StudBud Administration
·
146 plays
Introduction to Entrepreneurship Concepts.
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
An evaluation of your strengths and weaknesses is a(n)
aptitude
self-assessment
self-discipline
advantage of entrepreneurship
2
Which is a characteristic of a successful entrepreneur?
Self-control
Self-confidence
unmotivated
Loyal
3
Every time a company vehicle goes out on the road there is an accident risk. This is what?
Uncontrollable Risks
Pure Risks
Controllable Risks
Speculative Risks
4
What type of risk is: inflation?
human
economic
natural
5
Which of the following is a service business?
clothing store
hardware store
travel agency
lumber mill
6
Insurance protecting against loss due to negligence in professional services
malpractice
life insurance
disability
workers' compensation
7
What type of risk is: a recession?
economic
natural
human
8
This presents the chance of loss but no gain.
Controllable risks
Pure risks
Uncontrollable risks
Speculative risks
9
All businesses face the risk of
employee theft
robbery
shoplifting
credit card fraud
10
Your suitability for entrepreneurship is based on
where you live
your commitment
how well you work with others
your age
11
This is not an important type of insurance for your business.
life insurance
workers' compensation
bankruptcy insurance
property insurance
12
Investing in the stock market is an example of ______.
Speculative Risk
Controllable Risk
Pure Risk
Uncontrollable Risk
13
What type of risk is: an earthquake?
natural
human
economic
14
This offers you the chance to gain as well as lose from the risk.
uncontrollable risk
speculative risk
pure risk
controllable risk
15
To determine if a business opportunity is realistic, you should
take an aptitude test
set your non-financial goals
find out risks associated
all of these
16
Pays for medical care and replaces a portion of lost wages for an employee injured on the job
life insurance
disability
property insurance
workers' compensation
17
What type of risk is: a fire?
natural
human
economic
18
Working long, irregular hours is _________
Advantage of entrepreneurship
Disadvantage of entrepreneurship
19
An employee
sets financials goals for a business
works for someone else
owns a business
takes the risk of a business venture
20
What type of risk is: shoplifting?
human
natural
economic
