Part 1
What is the definition of Entrepreneurship?
What is B. The process of starting and running a business?
This type of business is owned by one person?
What is A Sole Proprietorship?
Who is a well-known and successful entrepreneur?
Who is D Elon Musk?
What important factors should a small-business owner consider when deciding if s/he should hire an additional employee?
what is C - Necessary skills and affordability?
Can a lack of customer service cost a business money?
What is B - Yes, because people become loyal customers?
Which of the following is a characteristic of a successful entrepreneur?
What is C Persistence and resilience?
What is an asset?
What is B Something of value?
Before a business and customer can enter into a valid contract, the offer to do sometjing in return for payment must be..?
What is B. accepted?
One way for a startup business owner to determine opportunities to expand the business's product line is by:
What is A talking with customers?
A local pizza place gives you a magnet that includes its logo, website, and phone number. This is an example of:
What is C - Specialty media?
Which term refers to the process of gathering information about potential customers and competitors to improve business decision-making?
What is C Market Research?
True or False: An investor pitch should clearly communicate the potential return on investment for investors and how their funds will contribute to the growth and success of the business.
What is TRUE?
Which of the following is an example of a business making a reasonable accommodation for an employee in accordance with the Americans with Disabilities Act:
What is B - Modifying work schedules?
Which of the following is a one-time cost?
What is C - Shipping (Typically variable/one-time per order vs. overhead)?
Sara works as a salesperson at a local car dealership. She knows first impressions matter, so she always comes to work well-dressed and groomed. This shows Sara believes in maintaining her:
What is D - Personal appearance?
True or false: Entrepreneurs are risk-averse and avoid taking chances in their business ventures.
What is FALSE?
What best defines an investor pitch?
A business's brand promise is what the business intends to:
What is D provide the customer?
"What is the demand for our products in this region?" This is a question that a business wants to answer when it:
What is A - Conducts a market analysis?
Which of the following terms best describes an ethical manager who makes decisions about employees by considering only their performance:
What is D. Fair?
What is the definition of liability?
What is D the state of being responsible for something?
What is a market opportunity?
What is C - A chance for a business to make a profit by satisfying needs?
A magazine has recently shifted to an all-digital product. This decision has most likely led to the need for:
what is C - Business process changes?
Reviewing business procedures helps a company determine if it is __________ its most important resources.
What is D - Maximizing?
Small businesses are a good source of jobs for:
What is D all of the above?