A
Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs develop a plan of action and make decisions to help achieve that plan?
A.) Goal-oriented
B.) Independent
C.) Risk-Takers
D.) Self-confident
A.) Goal-oriented
Computer skills are necessary in almost every kind of business. This is an example of what kind of skill?
A.) Math Skills
B.) Basic Business Skills
C.)Technology Skills
D.) Human Relations Skills
C.)Technology Skills
An entrepreneur is accountable for his/her actions and does what is required. This is an example of what characteristic?
A.) Persistent
B.) Creative
C.) Risk-taker
D.) Responsible
D.) Responsible
Basic math and knowledge of basic record keeping is an example of what skill?
A.) Math Skills
B.) Technology Skills
C.) Human Relations Skills
D.) Communication Skills
A.) Math Skills
Entrepreneurs must make decisions and solve problems every day. What skills do the need?
A.) Communication Skills
B.) Creative Skills
C.) Human Relation Skills
D.) Problem Solving and decision-making skills
D.) Problem Solving and decision-making skills
Entrepreneurs look for challenging opportunities. They aren't afraid to take risks. What word describes them?
A.) Creative
B.) Responsible
C.) Persistent
D.) Risk-Takers
D.) Risk-Takers
Successful entrepreneurs work until a job is done. What word describes them?
A.) Creative
B.) Persistent
C.) Inquisitive
D.) Self-confident
B.) Persistent
What are the four types of businesses?
A.) Franchise, Sole Proprietorship, Stockholder, Company
B.) Service, Goods, Wants, Needs
C.) Sole Proprietorship, Partnership, Franchise, Corporation
D.) Corporation, Partnership, Franchise, Grocery
C.) Sole Proprietorship, Partnership, Franchise, Corporation
At what stage in the entrepreneurial process would you WRITE A BUSINESS PLAN?
A.) Discovery
B.) Concept Development
C.) Resourcing
D.) Actualization
B.) Concept Development
Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order solve things. What word describes these people?
A.) Persistent
B.) Inquisitive
C.) Creative
D.) Independent
B.) Inquisitive
Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs want to make their own decisions, set their own schedules, and can work without supervision?
A.) Independent
B.) Goal-oriented
C.) Risk-takers
D.) Self-confident
A.) Independent
Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs are constantly looking for new ways to solve problems?
A.) Creative
B.) Persistent
C.) Responsible
D.) Self-confident
A.) Creative
What is the difference between wants and needs?
A.) Needs are goods and wants are services.
B.) Needs are services and wants are goods.
C.) Needs are necessary for survival and wants are just nice to have.
D.) Needs are just nice to have and wants are essential for survival.
C.) Needs are necessary for survival and wants are just nice to have.
Offering shares of stock to public investors, planning goals for the business during the next five years, and planning goals for the business during the next ten years are all classified as which stage of the entrepreneurial process?
A.) Harvesting
B.) Concept Development
C.) Resourcing
D.) Actualization
A.) Harvesting
At what stage of the entrepreneurship would you CONDUCT DAILY BUSINESS ACTIVITIES?
A.) Actualization
B.) Discovery
C.) Concept Development
D.) Resourcing
A.) Actualization
Our store is having a GRAND OPENING. What stage of the entrepreneurial process are we in?
A.) Discovery
B.) Harvesting
C.) Concept Development
D.) Actualization
D.) Actualization
Which one of these is an example of an activity for a business person who is entering the harvesting stage of entrepreneurship?
A.) Considering opening a second store
B.) Gathering market research data about the product
C.) Having a grand opening for the business
D.) Seeking financial assistance from a bank
A.) Considering opening a second store
Bill and Ivy are considering beginning a jewelry-making business. They have been collecting, reviewing, and interpreting the surveys they distributed last week about their business idea. Bill and Ivy are in what stage of the entrepreneurial process?
A.) Actualization
B.) Concept Development
C.) Discovery
D.) Harvesting
C.) Discovery
Jeff worked for Best Buy for twenty years and recently changed jobs. He decided to start a computer repair business out of his home. He is currently seeking people and companies to invest in this business venture. Jeff is in what stage of the entrepreneurial process?
A.) Actualization
B.) Concept Development
C.) Discovery
D.) Resourcing
D.) Resourcing
Sending email surveys to various families, offering samples of gluten free crackers at Sam's, and doing research to see how many families eat gluten free in the area, are classified as which stage of the entrepreneurial process?
A.) Discovery
B.) Harvesting
C.) Concept Development
D.) Resourcing
A.) Discovery