SBM Ch. 1 & 2 Mid-Term Review

When creating a career plan, the first step in the decision-making process is:

A group0 of businesses that provide a particular product or service is referred to as a(n)?

A group discussion where individuals generate as many ideas as possible is?

Finding a need for a product or service on which to base a start-up business is the:

Which of the following characteristics is least important to the success of an entrepreneur?

Which of the following actions can help prevent a new business from failing?

Which of the following is part of the entrepreneurial discovery process?

A leader empowers other people to act and make decisions.

A critical issue for most entrepreneurs is the ability to raise start-up capital.

Which of the following items is classified as a need?

An aptitude is an ability a person has learned over time ans can do well.

A SMART goal does not have to be achieved during a specified time period.

An accountant completing your tax return is an example of which of the following?

Maslow believed that people must fulfill their emotional needs before any other needs or wants.

Entrepreneurship involves taking on the responsibilities and risks of starting a new business.

The behaviorist and emotional characteristics that make each person unique are skills learned.

Behavioral & emotional characteristics that make each person unique are known as:

Which of the following is not an activity involved in starting up a new business?

Which section of the business plan should be written last?

Another term for "people skills" is:

To be an entrepreneur you must invent a new product or service.

A good business plan does not need updating after the business has opened.

The location of a business may cause the business to fail.