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Intro to Business: Entrepreneurship Flashcards | StudBud
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Intro to Business: Entrepreneurship
Intro to Business: Entrepreneurship
26 terms
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StudBud Administration
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Introduction to #Business and #Technology focusing on #Entrepreneurship
Flashcards
26 cards
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Practice quiz
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Host live
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Questions
26
Answers
1
Which entrepreneur said: "The way to get started is to QUIT TALKING and begin doing"
Steve Wozniak
Henry Ford
Walt Disney
Milton S. Hershey
2
T/F Small industries are fairly labor intensive
True
False
3
Operation Plan includes
Organization of the company
Description of major operations
Human resource plans
Analysis of resources needed
4
Live long and
Die
Buy Apples
Kill Bill
Prosper
5
Process of developing and implementing a plan to identify and satisfy consumer needs is
Management Planning
Marketing Planning
Boating School
Customer Planning
6
Ownership of a small scale unit with few individuals is
Internship
Partnership
Mothership
Sole Proprietorship
7
Small Business account for ___ of all innovative products and services.
55%
11%
2%
100%
8
T/F Most Successful businesses start during a period when customer demand is low
False
True
9
Someone who takes a risk by starting a business
Employee
CEO
Manager
Entrepreneur
10
T/F Every business begins with an idea
False
True
11
Entrepreneurs have all characteristics EXCEPT
Creative
Goal Oriented
Persistent
Lazy
12
All Entrepreneurs have
No Profit Motive
Computers
Pet Monkeys
Problem-Solving Skills
13
All are the description of the business EXCEPT
Ownership structure
The business idea
Condition of the CIA
Strengths/weaknesses
14
Ownership of small scale unit with one individual is
Dictatorship
Sole Proprietorship
Partnership
Management
15
An example of an entrepreneur is
Walt Disney
Steve Jobs
Bill Gates
All of the Above
16
What thing could an entrepreneurs adjust to increase profit?
Amount Supplied
Renovations to their home
Price
Firing Employees
17
Most money entrepreneurs have to begin their company comes from
The President
Stock Market
Aliens
Friends and Families
18
Risks in becoming an entrepreneur include all the following EXCEPT
Lack of adequate capital
Competition Pressure
Low Sales
Advanced Education
19
Most Businesses in the United States are
Sole Proprietorships
Partnerships
Farmers Markets
Corporations
20
What type of business ownership provides the owner with limited liability?
Partnership
Sole Proprietorship
Bob's Burgers
Corporation
21
To tweak or make better is to
Succeed
Dream
Innovate
Improve
22
If a candybar cost $0.20 to make and is sold for $1, How much profit is made.
$0.80
$0.20
No profit made
$1
23
What is a written description of the business idea and how it will be carried out?
Business Cycle
Kim Kardashians Divorce Papers
Business Plan
Mission Statement
24
Money needed for the main resources of a business is
Types of Financing
Short-term Financing
Start-up Financing
Long-term Financing
25
What is Net Profit?
Amount of money collected from selling products
Money paid to employees
Amount of money paid for resources
Has nothing to do with money
26
How many businesses are created annually?
500,000
5
1,000,000
100,000
