Unit 1 and 2 Test Review

Front

You must have a lot of money in order to start up a business.

Back

False

Front

Do entrepreneurs have multiple characteristics?

Back

True

Front

Entrepreneurs must realize there are other stakeholders who can help make their business successful.

Back

True

Front

Small businesses usually do not fail.

Back

False

Front

All it takes is one idea to start your own business.

Back

True

Front

When starting up a business, it is not important to look at who your competitors are.

Back

False

Front

Goals do not help you stay on task and follow through with your plans.

Back

False

Front

What is the difference between an employee and an entrepreneur?

Back

The employee works for the entrepreneurs who own the business.

Front

Which of the following is NOT a reason to start your own business?
high risks,
making money,
you are your own boss,
doing what you love to do

Back

high risks

Front

What is the difference between an idea and an opportunity?

Back

An idea is something you think of and an opportunity is something presented to you.