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Entrepreneurship
Entrepreneurship
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#Entrepreneurship
Flashcards
42 cards
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Questions
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Answers
1
Your business has been running for three years. You are looking to expand. What stage is this?
Resourcing
Harvesting
Discovery
Actualization
2
The stage in the entrepreneurial Process when the entrepreneur IDENTIFIES needed resources
Discovery
Concept Development
Actualization
Resourcing
3
An idea that has commercial value is called
Discovery
Innovation
Opportunity
Mission Statement
4
The money or wealth needed to produce goods and service for your business is called
Capital
Resourcing
Trademark
Patent
5
What will protect your business' name or logo?
Patent
Capital
Trademark
Copyright
6
An entrepreneur that believes in himself/herself is
goal - oriented
creative
independent
self - confident
7
You have written your first novel. What will protect your creative work?
Copyright
Patent
Trademark
8
Entrepreneurs must have good computer skills. These are
technical skills
math skills
communication skills
basic business skills
9
An entrepreneur that looks for challenging opportunities and isn't afraid to take risks is
a risk - taker
creative
independent
self-confident
10
Capital and resources needed to start a new business are called
Innovations
Business Plans
Trademarks
Start - up resources
11
You have invented a brand new and very different digital camera. You could refer to this as
a patent
a venture
an innovation
an opportunity
12
Sarah isn't sure how to appropriately deal with an angry customer. She could find this is the
Mission statement
Innovation
Business Plan
Code of Ethics
13
A set of rules/procedures used to guide the behavior of an individual, a business, or a culture
Innovation
Concept Development
Demographics
Code of Ethics
14
Entrepreneurs must have good writing, speaking, and listening skills. These are
problem - solving skills
communication skills
basic business skills
math skills
15
Your business is now up and running and utilizing the resources you have acquired. What stage?
Resourcing
Actualization
Harvesting
Concept Development
16
Creating a detailed Business Plan is part of what stage of the Entrepreneurial Process.
Concept Development
Actualization
Discovery
Harvesting
17
The stage of the Entrepreneurial process where the entrepreneur studies the market is called
Concept Development
Resourcing
Harvesting
Discovery
18
The stage of the Entrepreneurial Process when the entrepreneur plans the venture
Discovery
Concept development
Actualization
Resourcing
19
Entrepreneurs must have arithmetic and basic record keeping skills. These are
basic business skills
math skills
communication skills
problem-solving skills
20
A detailed proposal that describes a new business is a
Executive Summary
Patent
Venture
Business Plan
21
An entrepreneur that wants to make their own decisions and follow their own schedule is
goal - oriented
a risk taker
independent
inquisitive
22
An entrepreneur that is accountable for his/her actions and does what is required is
responsible
inquisitive
creative
self - confident
23
You are having a grand opening for your business. The is part of what stage?
Concept Development
Actualization
Discovery
Harvesting
24
Entrepreneurs must get along with others and enjoy meeting and talking to people. These are
human relations skills
math skills
basic business skills
communication skills
25
You start a new job. You receive a written description of the purpose of the company called the
Mission statement
Innovation
Business plan
Discovery
26
The stage in the Entrepreneurial Process when plans are made to protect intellectual property
Resourcing
Concept development
Actualization
Discovery
27
A business undertaking involving risk
Entrepreneur
Business Plan
Venture
Innovation
28
You are applying for and receiving loans to open your business. This is part of what stage?
Actualization
Resourcing
Harvesting
Discovery
29
This business is sometimes referred to as a "mom and pop" type business
Corporation
Entrepreneurship
Small business
Franchise
30
An entrepreneur that develops a plan of action and makes decisions to help achieve that plan is
inquisitive
goal - oriented
a risk taker
self - confident
31
Entrepreneurs must solve problems and make hard decisions every day
human relations skill
communication skills
basic business skills
problem-solving skills
32
An entrepreneur that is curious and not afraid to do research to better the company is
a risk - taker
inquisitive
persistent
independent
33
Entrepreneurs must have a basic understanding of the economy, finance, marketing and management
problem-solving skills
human relations skills
communication skills
basic business skills
34
You are interviewing and hiring employees for your soon to open business. This is the
"Actualization" stage
"Discovery" stage
"Harvesting" stage
"Resourcing" stage
35
An entrepreneur that is constantly looking for new ways to solve problems is
responsible
independent
creative
self - confident
36
The stage in the Entrepreneurial Process when the entrepreneur GETS the needed resources
Actualization
Resourcing
Discovery
Harvesting
37
What is entrepreneurship?
The process of developing a business plan.
The process of starting and running one's own business.
The process of finding potential investors.
The process of surveying consumers.
38
Data that describes a group of people in terms of their age, race, gender, marital status, etc
Demographics
Resourcing
Business Ethics
Venture
39
This is a brief description of the key points of a Business Plan
Business Plan
Executive Summary
Code of Ethics
Venture
40
An entrepreneur that works until the job is done and is determined to overcome problems is
self - confident
persistent
creative
inquisitive
41
You just invented a new type of ski boot. What would protect your invention?
Trademark
Patent
Copyright
42
When you apply principles of right and wrong to situations in the work place these are called
Opportunities
Business Plans
Business Ethics
Mission Statements