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Jigsaw Reading - Comprehension Questions Flashcards | StudBud
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Jigsaw Reading - Comprehension Questions
Jigsaw Reading - Comprehension Questions
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Flashcards
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Questions
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Answers
1
Jeff Bezos demonstrated resilience by continuing to develop Amazon despite early challenges and financial risks.
True
False
2
Entrepreneurs primarily focus on working for established companies to ensure financial stability.
False
True
3
Which of the following reflects ethical responsibility in entrepreneurship?
Reducing transparency with stakeholders to protect investments
Avoiding environmental concerns to reduce expenses
Incorporating sustainability practices and supporting social causes
Maximizing profits by cutting employee benefits
4
Why are strong communication skills important for entrepreneurs?
To limit employee input and control discussions
To confidently reject investor feedback
To effectively share their vision with stakeholders
To strictly enforce company rules
5
Joi-Lin Hunt successfully established her businesses by avoiding financial risks.
True
False
6
Which combination of traits is most likely to help an entrepreneur succeed in a competitive market?
Financial flair, adaptability, and resilience
Innovation, financial independence, and teamwork
Leadership, risk avoidance, and technical skills
Strong social skills, rigid planning, and market dependence
7
Which strategy helped Joi-Lin Hunt maintain financial stability?
Avoiding investments to reduce risks
Making strategic investments and managing resources wisely
Relying solely on cash savings
Ignoring financial planning to focus on creativity
8
Innovation is only about creating new products.
False
True
9
Companies like Apple, Tesla, and Amazon succeeded by avoiding innovation and following established business models
False
True
10
Joi-Lin Hunt’s journey highlights the importance of perseverance and ongoing learning in achieving success.
False
True
11
Entrepreneurs must develop strategies to sustain and expand their businesses.
False
True
12
What financial practice is most important for ensuring a startup’s long-term stability?
Investing heavily in advertising without a clear budget
Relying solely on personal savings to fund projects
Expanding the business rapidly without monitoring costs
Prioritizing cash flow management and strategic spending
13
Which scenario best reflects an entrepreneur demonstrating adaptability?
Expanding a physical store despite increasing online demand
Refusing to modify a product design despite negative feedback
Reducing investment in research and development to avoid financial risks
Shifting to digital marketing after a decline in traditional sales.
14
Joi-Lin Hunt believes that self-care and work-life balance are unnecessary when managing multiple businesses.
True
False
15
Which combination of businesses did Joi-Lin Hunt successfully establish?
A fitness center, a clothing store, and an accounting firm
A technology company, a bakery, and a language school
A law firm, an income tax franchise, and a chain of hair salons
A travel agency, a real estate firm, and a beauty salon
16
Resilience allows entrepreneurs to completely avoid failure.
False
True
17
Entrepreneurs who quickly transitioned to digital platforms during COVID-19 boosted their chances of business survival.
False
True
18
What is an example of a calculated risk in entrepreneurship?
Relying solely on personal savings without consulting experts
Taking out a loan after analyzing market trends and potential profits
Launching multiple businesses without a structured plan
Investing heavily in an untested product with no market research
19
Elon Musk's financial success was largely due to his ability to secure funding for research and development.
False
True
20
Adaptable entrepreneurs are less likely to adjust their strategies during economic shifts.
True
False
