St. Roch Entrepreneurship 101

Question 1

Profitability can best be described as:

Accepted Answer

Revenue - Expenses = Profit

Question 2

An entrepreneur must record all foreseeable expenses in a(n):

Accepted Answer

Income Statement

Question 3

Entrepreneursneed good bookkeeping and accounting skills to be successful. This describes:

Accepted Answer

Controlling, Click this one if you can make a Tim's run for me..#caffeine

Question 4

Entrepreneurs welcome problems as opportunities orchallenges. Which characteristic is this?

Accepted Answer

Perceptive

Question 5

Entrepreneursmust identify what they need to know. They can do this by:

Accepted Answer

Researching

Question 6

Which of the following is not necessary to consider with respect to feasibility?

Accepted Answer

Target market

Question 7

A true entrepreneurlooks at change as an opportunity. This describes which characteristic?

Accepted Answer

Flexible

Question 8

Goodentrepreneurs empower their staff and give their jobs purpose. This is best described as:

Accepted Answer

Directing

Question 9

Do you want to be an entrepreneur?

Accepted Answer

Yes, Maybe, No, I don't even know what I want for lunch today

Question 10

Which of the following best describes the water boy from Dragon's Den?

Accepted Answer

Thirsty, A Liar, Potentially over-hydrated

Question 11

Which relationship is the most important for any entrepreneur to maintain?

Accepted Answer

All are equally important

Question 12

Entrepreneurs believe in themselves. Which characteristic does this best describe?

Accepted Answer

Self-confident

Questions 12