Chpt. 1 Intro to Entrepreneurship

In a brainstorming session, you

Which step in the problem-solving model involves performing research and interviewing people?

Communication and listening skills are vital to the problem-solving process.

An evaluation of your strengths and weaknesses is called

Identifying one or two possible solutions is usually sufficient.

Financial goals can include

Nonfinancial goals are important for an entrepreneur because

Which of the following is a retailing business?

Defining and quantifying the problem is the first step in the problem-solving process.

Your financial and nonfinancial goals do not have to be realistic.

The plant where Goodyear tires are made is an example of which type of business?

Your past experiences are a key factor in determining your commitment to a business.

Which of the following is NOT an advantage of entrepreneurship?

People who are hired to work for someone else are

Jackson Hewitt, a tax preparation company, is an example of which type of business?

The ability to learn a particular kind of job is called

Possibilities from existing conditions are

Which of the following is NOT a characteristic of a successful entrepreneur?

Nonfinancial goals include all of the following EXCEPT

Special meetings at which companies of the same industry display their products are called

People who own, operate, and take the risk of a business venture are called

According to the SBA's office of Advocacy, how many new businesses survive for at least 10 yrs?

Thoughts or concepts that come from creative thinking are called

From an entrepreneur’s perspective, mistakes

The problem-solving process is not complete until the action is evaluated.

A creative problem-solving technique that involves generating a large number of fresh ideas

After the problem is defined and information gathered, you

All of the following can help you determine if a business opportunity is realistic EXCEPT