Entrepreneurship 2nd Nine Weeks Exam

SMART goals are

• approximate
• measureable
• all of these
• safe

A barber ship is an example of a(n)

• service business
• mining and extracting business
• agricultural business
• manufacturing business

Small businesses

• employ fewer than 1 percent of American workers.
• Can be more creative and take more risks than large companies.
• are found in only a few sectors of the U.S. economy.
• contribute very little to the U.S. economy.

An assessment of your interests is 

• a nonfinancial goal
• an advantage of entrepreneurship
• self discipline
• helpful in deciding what business is right for you

Characteristics of successful entrepreneurs include

• loyalty
• indiscretion
• independence
• wealth

Which of the following is a retailing business?

• jewelry store
• paper mill
• appliance repair ship
• orange grower

An evaluation of your strengths and weaknesses is 

• a self discipline
• an advantage of entrepreneurship
• an aptitude
• a self assessment

People who work for someone else are called

• franchisees
• employees
• merchandisers
• entrepreneurs

The very first step in the problem solving process is to

• gather information
• define the problem
• evaluate alternative solutions
• take action

Disadvantages of entrepreneurship include

• risk
• working long hours
• uncertain income
• all of these