Personal Characteristics of Successful Entrepreneurs
Which of the following is when entrepreneurs believe in themselves?
A.) goal-oriented
B.) self-confident
C.) persistent
D.) responsible
B.) self-confident
Which of the following matches the description: Entrepreneurs must make decisions and solve problems every day.
A.) problem-solving and decision-making skills
B.) communication skills
C.) human relations skills
D.) basic business skills
A.) problem-solving and decision-making skills
Which of the following matches the description: An individual who undertakes the risk associated with creating, organizing, and owning a business
A.) Entrepreneur
B.) Code of ethics
C.) Opportunity
D.) Innovation
A.) Entrepreneur
Which of the following stages matches the description of: An entrepreneur getting an idea and taking surveys.
A.) Resourcing
B.) Concept Development
C.) Discovery
D.) Harvesting
C.) Discovery
A business owned by one person is known as:
A.) Sole Proprietorship
B.) Partnership
C.) Corporation
D.) Franchise
A.) Sole Proprietorship
Which of the following matches the description: An entrepreneur is accountable for his/her actions and does what is required.
A.) inquisitive
B.) goal-oriented
C.) risk-takers
D.) responsible
D.) responsible
Which of the following matches the description: Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit and complete financial statements.
A.) communication skills
B.) human relations skills
C.) math skills
D.) problem-solving and decision-making skills
C.) math skills
Which of the following stages matches the description of: This is the last step where you think about expanding the business.
A.) Resourcing
B.) Concept Development
C.) Discovery
D.) Harvesting
D.) Harvesting
Which of the following matches the description: The process of starting and operating one’s own business
A.) Entrepreneurship
B.) Entrepreneur
C.) Opportunity
D.) Innovation
A.) Entrepreneurship
What are the four types of businesses?
A.) Franchise, Sole Proprietorship, Company, Stockholder
B.) Sole Proprietorship, Corporation, Franchise, Stockholder
C.) Sole Proprietorship, Partnership, Franchise, Corporation
D.) Service, Goods, Needs, Profits
C.) Sole Proprietorship, Partnership, Franchise, Corporation
Which of the following matches the description: Entrepreneurs are constantly looking for new ways to solve problems.
A.) creative
B.) persistent
C.) inquisitive
D.) goal-oriented
A.) creative
Which of the following matches the description: Entrepreneurs need to gather information necessary to organize and run their business. Entrepreneurs must develop writing, speaking and listening skills.
A.) communication skills
B.) human relations skills
C.) math skills
D.) problem-solving and decision-making skills
A.) communication skills
What protects a business name or logo?
A.) Trademarks
B.) Copyrights
C.) Patent
A.) Trademarks
Which of the following stages matches the description of: The entrepreneur is developing a business plan.
A.) Discovery
B.) Concept Development
C.) Actualization
D.) Resources
B.) Concept Development
Goodwill Industries helps poor and homeless people with the money raised by selling donated products in their stores. Goodwill is classified as what kind of business?
A.) Franchise
B.) Partnership
C.) Profit
D.) Non-Profit
D.) Non-Profit
Which of the following matches the description: Entrepreneurs work until a job is done. They are determined to overcome problems and to pursue their goals in order to make their business successful.
A.) independent
B.) inquisitive
C.) persistent
D.) goal-oriented
C.) persistent
Which of the following matches the description: Entrepreneurs must have a basic understanding of how the economy works and of the fundamental concepts of finance, marketing, and management in order to help ensure the success of their business.
A.) problem-solving and decision-making skills
B.) communication skills
C.) human relations skills
D.) basic business skills
D.) basic business skills
What protects an invention?
A.) Trademarks
B.) Patents
C.) Copyrights
C.) Copyrights
Which of the following stages matches the description of: Entrepreneurs applying for loans and looking for investors.
A.) Resourcing
B.) Concept Development
C.) Harvesting
D.) Actualization
A.) Resourcing
Which type of business can choose to pay its stockholders a dividend?
A.) Corporation
B.) Franchise
C.) Sole Proprietorship
D.) Partnership
A.) Corporation
Which of the following matches the description: Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.
A.) independent
B.) inquisitive
C.) persistent
D.) goal-oriented
B.) inquisitive
Which of the following matches the description: Entrepreneurs must get along with others and enjoy meeting and talking to people.
A.) communication skills
B.) human relations skills
C.) problem-solving and decision-making skills
D.) technical skills
B.) human relations skills
Which of the following stages matches the description of: The entrepreneur is ready to open and they are utilizing all of the resources obtained.
A.) Resourcing
B.) Concept Development
C.) Harvesting
D.) Actualization
D.) Actualization
What protects creative works?
A.) Copyrights
B.) Patents
C.) Trademarks
A.) Copyrights
Which department is responsible for EMPLOYEE ORIENTATION?
A.) Management
B.) Human Resource
C.) CEO
D.) Operations
B.) Human Resource