Entrepreneurship Semester Exam Review

Front

People who own, operate, and take the risk of a business venture are called _____

Back

entrepreneurs

Front

The ability to learn a particular kind of job is called _____

Back

aptitude

Front

Attending conferences, seminars, and workshops enable entrepreneurs to _____ with like-minded people.

Back

network

Front

Is it important for an entrepreneur to possess good communication and listening skills?

Back

True

Front

Entrepreneurs try to identify unmet _____ of the marketplace.

Back

needs

Front

The process of running your own business is called _____

Back

entrepreneurship

Front

To assess your suitability for entrepreneurship, you should consider your strengths, weaknesses, _____, interests, past experiences, and aptitude.

Back

hobbies

Front

Entrepreneurs should not be afraid of making mistakes.

Back

True

Front

From an entrepreneur’s perspective, mistakes _____.

Back

should be viewed as a learning experience.

Front

An entrepreneur who chooses one alternative over another is using the concept of _____

Back

opportunity cost