Entrepreneurship--Lesson 1-3 Slides

Multiple Choice

Entrepreneurs look for business ideas and new and better ways to solve problems.

• True
• False

Multiple Choice

Who can be an entrepreneur?

• Only the wealthy

• People with a college degree

• People over the age of

• Anyone

Multiple Choice

What is a fundamental step in identifying a business opportunity?

• Ignoring customer feedback

• Analyzing market gaps and consumer needs

• Replicating a competitor's product

• Focusing solely on personal interests

Multiple Choice

Which of the following best describes an 'opportunity' in entrepreneurship?

• A possibility that arises from existing conditions

• A thought from creative thinking

• A product already in the market

• A risk taken by a business

Multiple Choice

Which of the following is NOT a source of ideas for entrepreneurship?

• Hobbies and interests

• Past experience

• Discovery or invention

• Government regulations

Multiple Select

Which of the following are resources for finding business opportunities?

• Books on entrepreneurship

• Magazines for entrepreneurs

• Industry trade magazines

• Personal savings

Multiple Choice

Which characteristics make a goal SMART?

• Specific, Measurable, Attainable, Realistic, Timely

• Simple, Manageable, Accurate, Reliable, Tangible

• Strategic, Marketable, Achievable, Resourceful, Timed

• Sustainable, Motivating, Adaptable, Responsible, Tested

Multiple Choice

Which of the following is an example of a nonfinancial goal for an entrepreneur?

• How much money you will earn

• How soon you can pay off debt

• Serve a community need

• Realize if goals are realistic and attainable