Entrepreneurship/Business Plan/College Practice Test

______________ a person who recognizes a business opportunity and organizes, manages and assumes the risk of starting a business.

• entrepreneur
• partner
• corporate officer
• financial specialist

The activity of setting up a business or businesses, taking on financial risk in hope of profit.

• Leadership
• Entrepreneurship
• Planning
• designing

A distinguishing quality or characteristic.

• trait
• skill
• profit
• technology

The body of knowledge devoted to creating tools, processing actions and extracting of  materials. We use it everyday in class and at home.

• business
• technology
• mechanics
• robotics

An experienced and trusted advisor.

• mentor
• teacher
• coach
• all the above

Skill such as reading and writing or adding or subtracting.

• basic skills
• transferable skills
• job specific skills
• unrealated skills

Skills learned that can be transferred from one job to another.

• basic skills
• transferable skills
• job specific skills
• unrealated skills

Skills that are obtained from receiving some type of degree or certificate.

• job specific skills
• transferable skills
• basic skills
• unrelated skills

What are the five P's of entrepreneurship?

• passion, persistence, problem solving, professionalism, perseverance
• positive, passion, profit, planning, people
• purpose, passion,persistence, people, profit
• passion, perseverance, patience, positive protection

What is the Small Business Administration?

• They offer advice and support to small business owners.
• They issue money to small business owners to start their business.
• There is no such agency.
• Ms. Gore made that agency up.