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Chapter 6 - Entrepreneurship and Small Business Management Flashcards | StudBud
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Chapter 6 - Entrepreneurship and Small Business Management
Chapter 6 - Entrepreneurship and Small Business Management
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Personal Characteristics and Skills needed to be a successful entrepreneur.
Flashcards
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Questions
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Answers
1
An individual who undertakes the risk of creating and owning a business
Contractor
Manager
Employer
Entrepreneur
2
Skill that means an entrepreneur needs to get along with others and meet new people.
Technical Skills
Human Relations Skills
Public Speaking Skills
Math Skill
3
Entrepreneurs look for challenging opportunities and are not afraid to take risks. They are:
Risk-taker
Persistent
Self-conscious
4
Which characteristic means that the entrepreneur is not afraid to ask a lot of questions?
Independent
Inquisitive
Responsible
5
Which characteristic describes working until the job is done, being determined.
Inquisitive
Creative
Goal-oriented
Persistent
6
Who is the best teacher ever?
Mrs. Biehl
You Guys are!
7
Entrepreneurs make their own decisions, set their own schedules, and work without supervision.
Persistent
Self-Motivated
Risk-taker
Goal-Oriented
8
Being accountable for your actions and doing what is required.
Self-confident
Risk-taker
Responsible
Persistant
9
An independent business with fewer than 500 employees is known as a(n)
small business
corporation
large business
partnership
10
Which of the following is an advantage of small businesses:
serves a large market
low cost leader
dominant in field
providing unique services
11
Entrepreneurs need to develop writing, speaking and listening skills. This would be:
Math Skills
Savvy Skills
Communications Skills
