Entreprenurship

Which of the following is NOT true about an entrepreneur?

• An entrepreneur is responsible for the success of their business
• An entrepreneur gets to act as his own boss
•  An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him
• An entrepreneur has ownership in the business

What is the definition of an entrepreneur?

• An entrepreneur is someone who owns a business and makes profit from that business
•  An entrepreneur is someone who creates a business and potentially makes money and runs the business.
•  An entrepreneur is someone who manages a business.
• d. None of these

Which of the following is NOT considered a risk of being an entrepreneur?

• Potential Business Failure
• Long hours and hard work
• Financial Insecurity
• Providing value to others

What does a SWOT analysis evaluate?

•  Strengths, Weaknesses, Opportunities, Threats
• Symptoms, Weaknesses, Opportunities, Threats
• Strengths, Weaknesses, Opposition, Threats
• Strengths, Weaknesses, Opportunities, Targets

The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called ______________.

•  salary
•  overhead
• contribution margin
•  profit

___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market.

•  Audience analysis
• Market Research

___________ is a potential group of customers, people, or businesses that are able and willing to purchase a particular product or service.

•  The Market
• Sales force
•  A Direct Competitor
• An Indirect Competitor

__________________ are the operating expenses that a business must pay regardless of how many sales are made.

• Profits
• Variable expenses
• Fixed operating expenses
• Production costs

A ______________ is a quick description of your business that you use to explain it to potential investors.

•  business analysis
•  business plan
• business pitch

Which of the following are assests?

• time 
• money
• car
• All of the above