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Entrepreneurship Module 1 Flashcards | StudBud

Explore/Entrepreneurship Module 1

The term "entrepreneur" means:

What percentage of entrepreneurs think their venture will be full time vs. part time?

Entrepreneurship Module 1

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Entrepreneurship Module 1

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Questions 10

Answers

1
What percentage of entrepreneurs think their venture will be full time vs. part time?
10% think it will be full time, 90% part time
100% think it will be full time
50% think it will be full time, 50% part time
33% think it will be full time, 66% part time
2
The term "entrepreneur" means:
All answers
Someone who pioneers change or wants to work for themselves
One who organizes, manages, and assumes the risks
To undertake - the derivation of a French word
3
The following could be a small business:
A hairdresser
All answers
A high tech firm
A doctor's office
4
One person can make a difference as an entrepreneur.
False
True
5
Today, small business:
2 of the answers
Produces 60-80% of all new jobs
Cannot complete with big business
Pays 44% of the U.S. payroll
6
Which of the following is not a trait of an entrepreneur?
Action oriented
Drive to achieve results
Likes to work the same hours every day
Incredibly persistent
7
How many small businesses are there in the U.S.?
300 million
28 million
400,000
5 million
8
The majority of small businesses are:
owned and operated by one person
Owned and operated by two people
Owned by one person, operated by between 1 and 5 people
Owned by two people, operated by between 1 and 5 people
9
Which quote can be attributed to Alexis de Tocqueville?
"Give me liberty, or give me death."
"Americans of all ages constantly form associations."
"To be or not to be, that is the question."
"We accept the reality of the world which we are presented."
10
Until the 1800's, production in the U.S could be described as:
One product at a time
Assembly line production
Economies of scale