ENT: Unit 2 Entrepreneurship and You Test

Front

What is the definition of an “employee”?

Back

A person who works for another person or organization in return for wages or a salary.

Front

A feature or quality belonging typically to a person, place, or thing and serving to identify it.

Back

Characteristics

Front

A natural ability to do something.

Back

Aptitude

Front

What is a key difference between an entrepreneur and an employee?

Back

An entrepreneur creates and owns their own business.

Front

Which statement best reflects the concept of thinking entrepreneurially? Options: Thinking entrepreneurially means focusing solely on profit-making ventures. Thinking entrepreneurially involves learning how to think and act like an entrepreneur, which can be advantageous in various aspects of life. Entrepreneurial thinking is only necessary for high-level managers in large corporations. Entrepreneurial thinking discourages creativity and innovation in problem-solving.

Back

Thinking entrepreneurially involves learning how to think and act like an entrepreneur, which can be advantageous in various aspects of life.

Front

What does the saying “no risk, no reward” imply for entrepreneurs?

Back

Entrepreneurs must take risks to potentially gain greater rewards.

Front

According to the Small Business Administration (SBA), a small business in manufacturing or construction is defined as having fewer than how many employees?

Back

500 employees

Front

How do personal characteristics influence the way we describe someone’s behavior?

Back

They are influenced by personality dimensions that determine how others perceive an individual’s behavior.

Front

Which dimension of human personality assesses whether a person enjoys new experiences or prefers routine?

Back

Openness to experience

Front

Which dimension of human personality assesses whether a person is friendly and compassionate or analytical and detached?

Back

Agreeableness