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Entrepreneur Flashcards | StudBud

Explore/Entrepreneur

Entrepreneur

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Questions 9

Answers

1
Which is NOT a reward of entrepreneurship?
being the boss
doing what you enjoy
being creative
risking capital resources
2
What is a characteristic of the executive summary in a business plan?
It discusses how you will fill in any gaps in expertise.
It describes your service plan.
It tells the most important points of the business plan.
It contains details.
3
Which part of a business plan describes management and tells who will run the firm?
financial
operational
growth
organizational
4
What does a mission statement do?
reflects the purpose of the company
describes the company
tells the major goals of a business
tells your business concept
5
Why do people have trouble getting money to start their own businesses?
Banks are concerned that they won't be repaid.
Banks want to own the entrepreneur's business.
Banks give more money to corporations.
Banks don't give loans to entrepreneurs.
6
Which would most likely describe a successful entrepreneur?
lazy
bossy
self-starter
shy
7
What is the most important reason for having a business plan?
to make a checklist
to find out what to produce in your business
to do market research
to help you focus on how to succeed in your new venture
8
Which is NOT a small business?
a fast food chain
a delivery service using 10 bikes
a babysitting team
a web store
9
What is a corporation?
a business with many owners
a business owned by two people
a business owned by one person
a business bought out by someone new