The Role of an Entrepreneur
An entrepreneur is someone who _____.
starts his or her own business to develop an idea and meet a need
Which of the following is NOT a strength of an entrepreneur?
innovation
persistence
passivity
passion
passivity
Ethics are important for which of the following?
individuals
entrepreneurs
companies
All of the above
All of the above
What are the basic steps that an entrepreneur takes?
Identify a problem. Brainstorm solutions. Evaluate options. Plan for development.
What is a franchise?
an individually owned business that is part of a larger chain
Which of the following best describes an intrapreneur?
someone who develops ideas or meets needs within an existing organization
What is a potential cost of being an entrepreneur?
the risk of failure
the risk of failure
Why are ethical issues of particular importance to entrepreneurs?
Because they are powerful individuals whose actions affect entire companies and society as a whole.
What might be seen as an advantage to being an entrepreneur?
being your own boss
What is a solopreneur?
A solopreneur is a business owner who owns and operates his or her business alone.
An employee is someone who _____.
works for a company or organization
Which of the following statements is NOT true about entrepreneurial talents?
They can be learned.
They can be used to fill needs.
They can be improved with practice.
They apply only to business.
They apply only to business.
What is an ethics-based mission statement.
A business statement that outlines what is right/wrong for the company.
What might be seen as a disadvantage to being an entrepreneur?
assuming risk and securing your own financing
What is freelancing?
Freelancing is a form of self-employment in which a person leverages their knowledge, skills, and abilities to perform tasks, services, or functions for a customer.