SMART Goals
What does the S stand for in SMART goals?
A) Satisfaction
B) Significant
C) Specific
D) Spotify
C) Specific
A state of mind in which one conducts him/herself to entrepreneurial activities. These individuals are drawn to opportunities and innovation.
A) Growth
B) Fixed
C) SMART
D) Entrepreneurial Mindset
D) Entrepreneurial Mindset
An organization or enterprising entity that engages in professional, commercial or industrial activities.
A) Entrepreneur
B) Market
C) Business
D) Startup Venture
C) Business
A necessity that the market cannot live without.
A) Market Want
B) Risk
C) Market Need
D) Innovation
C) Market Need
What does the M stand for in SMART goals?
A) Measurable
B) Minor
C) Medium Term
D) Main
A) Measurable
A mindset that believes intelligence and talents are static and unchangeable.
A) Fixed
B) Growth
C) Entrepreneurial Mindset
D) Innovation
A) Fixed
A newly emerged business that is striving to develop a viable business model around a new product or service.
A) Entrepreneur
B) Market
C) Business
D) Startup Venture
D) Startup Venture
The potential gain from taking a risk.
A) Reward
B) Tradeoff
C) Income
D) Freedom
A) Reward
What does the A stand for in SMART goals?
A) Aspiration
B) Ambition
C) Abilities
D) Attainable
D) Attainable
A mindset that believes intelligence and talents can be improved through effort.
A) Fixed
B) Growth
C) Entrepreneurial Mindset
D) Innovation
B) Growth
An observable and measurable end result that can be achieved in a specific timeframe
A) Innovation
B) Goal
C) Business
D) Risk
B) Goal
The desire to accomplish something, which involves hard work and determination.
A) Goal
B) Ambition
C) Innovation
D) Entrepreneur
B) Ambition
What does the R stand for in SMART goals?
A) Robust
B) Relevant
C) Risky
D) Respectful
B) Relevent
An individual who funds and runs a business assuming all of the risks and rewards of the venture.
A) Investor
B) Partner
C) Entrepreneur
D) Innovator
C) Entrepreneur
Money remaining after all costs of running a business are deducted from total revenue.
A) Profit
B) Gross Revenue
C) Taxes
D) Loss
A) Profit
An organization that operates to aid in some social effort, they do not retain any profits from commerce.
A) Non Profit
B) For Profit
C) Market
D) Industry
A) Non Profit
What does the T stand for in SMART goals?
A) Think
B) Try
C) Time Bound
D) Tough
C) Time Bound
A new idea, method or device that provides a better solution to satisfy consumer needs.
A) Talent
B) Mastermind
C) Modernization
D) Innovation
D) Innovation
A group of individuals with different skills who work together toward a definite purpose or goal.
A) Megamind
B) Mega Corporation
C) Masterclass
D) Mastermind Group
D) Mastermind Group
Name one major risk entrepreneurs take on.
Lack of steady income
Losing the money invested in the business