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Chapter 1 Study Guide (Entrepreneurial Careers) Flashcards | StudBud
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Chapter 1 Study Guide (Entrepreneurial Careers)
Chapter 1 Study Guide (Entrepreneurial Careers)
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StudBud Administration
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#entrepreneurship #economics #financial #multiplechoice #truefalse
Flashcards
27 cards
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Questions
27
Answers
1
There are many ways to research your career interest, including searching the internet.
True
False
2
Behavioral/emotional characteristics that make someone unique are skills that can be learned.
True
False
3
Small Businesses employ____percent all high-tech workers
20
10
30
40
4
When creating a career plan, the first step in the decision making process is to ___________
Make a Difference
Define the Challenge
Gather the Facts
Analyze the Situation
5
Which of the following is
not
included in the definition of a small business?
National or International business
Independently Owned and Operated
Organized for profit
Not Dominant in its field
6
The Small Business Administration (SBA) is a(n) ____ resource to help small businesses succeed.
Expensive
Private
Exclusive
Government
7
Which one is
not
one of the foundation skills necessary for success in any career?
Athletic
Technology
Thinking
Business
8
Social Media knowledge, software & system skills are examples of which of the following sets?
Thinking
Technology
Business
Basic
9
An ability that a person has learned over time and can do well is an aptitude
False
True
10
Few successful entrepreneurs are actual leaders
True
False
11
The last steps in the decision-making process is to______________________
Consider Alternatives
Analyze the Situation
Make a Decision
Implement Your Decision
12
A goal does not have to be achieved during a specific time period.
False
True
13
Math skills are among the ______ skills an entrepreneur needs.
Business Skills
Problem Solving Skills
Interpersonal Skills
Planning Skills
14
Which of the following is
NOT
a step in the decision-making process?
Generate Ideas
Implement your decision
Observe Others
Define the challenge
15
The 5 P's of Entrepreneurship are:
Practical/problem solving/planning, persistence/perseverance
Passion/Perseverance/persistence/planning/ problem solving
Performance/Perseverance/persistence/ Passion/Planning
Practical/passion/planning/persistence/ perseverance
16
The "SMART" in the SMART goal setting stands for ____________.
Special, Malleable, Artistic, Reliable, and Together
Specific measurable, attainable, reliable, and timely
Specific, Measurable, Attainable, Realistic, and Timely
Specific, Manageable, attainable, realistic, and timely
17
The natural ability to learn something new is a(n)_____
Skill
Ability
Aptitude
Trait
18
Newly created businesses are often called_______
Booming Businesses
Start-Up companies
Growth Sectors
Career Clusters
19
Career pathways are subgroups within the career clusters
False
True
20
Entrepreneurship involves taking on the responsibilities and risks of starting a new business.
True
False
21
A critical issue for most entrepreneurs is the ability to raise start-up capital.
False
True
22
A person who starts a new business is referred to as an entrepreneur.
True
False
23
A list of steps on a time line to reach each of your career goals is a(n)_____
Career Pathway
Career Plan
SMART goal
Career Cluster
24
A(n)___is someone who influences others in a positive way and makes things different or better.
Intrapreneur
Leader
Entrepreneur
Employer
25
Which is
NOT
one of the five personality traits for entrepreneurs?
Positive
Passion
Problem Solving
Planning
26
Which of the following is
not
an activity involved starting a new business?
Developing a marketing plan
Declaring what type of business to open
Managing Finances
Planning Retirement
27
Intrapreneur: works for a company, uses skills & knowledge to help develop ideas that benefit__
Society
The Company
Him/Herself
The local business market
