A
What are the four types of businesses?
A.) Franchise, Sole Proprietorship, Stockholder, Company
B.) Sole Proprietorship, Partnership, Franchise, Corporation
C.) Service, Goods, Wants, Needs
D.) Corporation, Partnership, Franchise, Grocery
B.) Sole Proprietorship, Partnership, Franchise, Corporation
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.) Persistent
B.) Risk-Takers
C.) Responsible
D.) Creative
B.) Risk-Takers
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 just nice to have and wants are essential for survival.
D.) Needs are necessary for survival and wants are just nice to have.
D.) Needs are necessary for survival and wants are just nice to have.
At what stage of the entrepreneurship would you CONDUCT DAILY BUSINESS ACTIVITIES?
A.) Discovery
B.) Concept Development
C.) Actualization
D.) Resourcing
C.) Actualization
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
An entrepreneur is accountable for his/her actions and does what is required. This is an example of what characteristic?
A.) Responsible
B.) Risk-taker
C.) Creative
D.) Persistent
A.) 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
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.) Concept Development
B.) Resourcing
C.) Actualization
D.) Harvesting
D.) Harvesting
Our store is having a GRAND OPENING. What stage of the entrepreneurial process are we in?
A.) Discovery
B.) Concept Development
C.) Harvesting
D.) Actualization
D.) Actualization
Successful entrepreneurs work until a job is done. What word describes them?
A.) Inquisitive
B.) Creative
C.) Persistent
D.) Self-confident
C.) Persistent
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
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.) Inquisitive
B.) Independent
C.) Creative
D.) Persistent
A.) Inquisitive
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.) Discovery
B.) Concept Development
C.) Actualization
D.) Harvesting
A.) Discovery