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Entrepreneurship and Joy Mangano
Entrepreneurship and Joy Mangano
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This is the review for the lesson on entrepreneurship and Joy Mangano.
Flashcards
25 cards
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Practice quiz
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Host live
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Questions
25
Answers
1
It has been estimated that 75% of all new jobs are created by:
entrepreneurs
the government
big businesses
foreign companies
2
Joy was a self-starter who worked very hard and for long hours.
False
True
3
When other people tried to sell her Miracle Mop, they were NOT as successful as Joy. Why?
All of these statements are true.
Joy was extremely passionate about her product.
Other people lacked Joy’s passion for the product.
Joy understood her invention better than anyone else.
4
This is any business that sells goods or services to other businesses:
retailer
vendor
5
Joy stood up for herself. She refused to allow other people to take advantage of her. This is:
being honest
being loyal
being assertive
being intelligent
6
Joy was very focused and goal-oriented.
True
False
7
Where did Joy get the startup capital she need to start her business?
Family members.
All of these are correct.
Her personal savings.
Friends and friends of family members.
8
In the movie, Joy mistakenly paid royalties to someone. What is a royalty payment?
A licensing fee paid to the owner of a patented product.
The purchase price paid for a new invention.
9
The movie that you watched (
Joy)
can best be described as a:
dramatization about the life of entrepreneur Joy Mangano.
completely accurate documentary about Joy Mangano.
10
Most entrepreneurs will start their new businesses using money borrowed from banks.
True
False
11
Joy had a feeling of intense enthusiasm for her new product. What do we call this?
perseverance
passion
12
Other inventions by Joy Mangano include:
Huggable Hangers
All of these were invented by Joy.
Forever Fragrant
Clothes It All Luggage System
13
This is the term used to describe the money needed to start a new business:
industrial capital
startup capital
14
Joy had the patience and focus to figure it out with her hands. What characteristic is this?
lazy and sluggish
boring and uninspired
unoriginal and bland
creative and imaginative
15
This is an itemized billing statement from a vendor:
invoice
packing slip
16
Early in her life, Joy worked as a waitress and as an airline reservations clerk.
False
True
17
Joy’s work experience for Eastern Airlines helped prepare her to become an entrepreneur. How?
She learned how to deal effectively with difficult people.
She learned how to operate and program a computer.
She learned how to be a supervisor and manage her coworkers.
She learned how to manufacture products on an assembly line.
18
In the movie, we learn that Joy’s father, Rudy, is an entrepreneur. Why is this significant?
Children of entrepreneurs are likely to be entrepreneurs.
Children of entrepreneurs are not usually entrepreneurs.
19
Our economy is dependent on entrepreneurs for all net job growth.
True
False
20
When she started her business, Joy was a single mother of 3 children.
False
True
21
Joy's first invention was a dog collar, but she failed to get a patent. What is a patent?
A patent protects an invention for a period of 20 years.
A patent protects a song from infringement for 20 years.
22
Today, Joy holds more than 100 patents and trademarks on her inventions.
False
True
23
Entrepreneurs often hear the word “no," but they do NOT give up. What is this called?
perseverance
intelligence
loyalty
trustworthiness
24
One of the most important benefits to the economy of entrepreneurship is the creation of new:
invoices
jobs
25
Joy Mangano is best known for her invention of:
The George Foreman Grill
The Snuggie
The Miracle Mop
The Rubik’s Cube
