Entrepreneurship Midterm Exam

Front

Starting and owning a person's own business

Back

entrepreneurship

Front

Some people become entrepreneurs by turning part-time work experiences into full-time businesses.

Back

True

Front

Entrepreneurs want to be their own bosses, set their own working hours, and make their own decisions.

Back

True

Front

When setting the prices of goods or services, business owners must consider the prices charged by competitors.

Back

True

Front

Which is NOT a common characteristic of an entrepreneur? Options: risk-taker, creative, organized, irresponsible

Back

irresponsible

Front

Do most entrepreneurs work long hours and create their own schedule?

Back

True

Front

Do all entrepreneurs have a college degree?

Back

False

Front

A target market is

Back

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

Front

Entrepreneurs create ____________________ for themselves and others.

Back

wealth

Front

Which one of these is NOT a characteristic of an entrepreneur? risk taker, idea person, generalist, specialist

Back

specialist