4th Establishing a Business

4th Establishing a Business

Entrepreneurship

Multiple Choice

What is an entrepreneur?

• A person who is in charge of a specific location.

• A person who works for someone else in order to learn skills.

• A person who organizes and operates a business or businesses.

• None of these

Multiple Choice

The act of assuming the risk of organizing productive resources to produce goods and services.

• business

• entrepreneurship

• critical thinking

• risk management

Multiple Choice

Which is NOT a common characteristic of an entrepreneur?

• risk-taker

• organized

• creative

• irresponsible

Multiple Choice

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

• Creative

• Persistence

• Perseverance

• Self confidence

Multiple Choice

A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will.

• Creative

• Hardworking

• Risk Taker

• Perseverance

Multiple Choice

An entrepreneur creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying

• Threats

• Product

• People

• Opportunities

Multiple Choice

Planning for unexpected growth in an entrepreneurial venture involves

• determining future goals and objectives

• motivating persons towards achieving goals

• assigning tasks and allocating resources

• ensuring that performance is in accordance with goals

Multiple Choice

The process by which a small group of people interact to produce a large quantity of imaginative ideas is called

• idealization

• brainstorming

• mind mapping

• group thinking

Multiple Choice

Who created Facebook?

• Mark Zuckerberg

• Elon Musk

• JK Rowling

• Walt Disney

Multiple Choice

What company did Bill Gates start?

• Apple

• Samsung

• Microsoft

• LG