Entrepreneurship Pre-test

Front

What is a disadvantage of being an entrepreneur?

Back

You do not always receive a regular paycheck.

Front

A target market is

Back

a group of consumers at which a product/service is aimed

Front

What information should NOT be included in a business plan?

Back

Your assets and liabilities

Front

What does the term "boot-strapping" refer to?

Back

Self-funding a business or project

Front

Which is NOT one of the reasons startups typically fail? Run out of cash, No business model, Poor marketing, Market demand

Back

Market demand

Front

A venture capitalist is

Back

An investor in a business providing capital for startup

Front

Which is NOT part of the procedure of developing an advertising campaign? Define your market, Establish your budget, Create an advertising strategy

Back

Prototype your product

Front

What is the difference between a startup and a small business?

Back

Startups intend to grow larger compared to a small business

Front

Two key factors that aid an entrepreneur's commitment to a business are: hobbies and sales experience, interests and past experiences, interest and sales experience, hobbies and athletic ability.

Back

interests and past experiences

Front

The percentage of businesses in the United States that employ fewer than 20 people is?

Back

89%