Entre 2017 Spring Review

A natural ability to do a particular type of work or activity well is called

• a skill
• an attitude
• an aptitude
• self-esteem

When a business encourages employees to be creative within in the company, the practice is called

• entrepreneurship
• creating a vision
• implementing a mission
• intrapreneurship

What is possibly the biggest reward of becoming an entrepreneur?

• empowerment
• fame
• money
• none of the above

As an entrepreneur, the amount of money you received from your company

• is constant, like a paycheck for any other employee
• is typically less than for an employee
• is typically more than for an employee
• may go up or down, depending on the business

An entrepreneur

• has the final say in business decisions.
• may employ anyone else.
• is responsible for the success or failure of the business.
• all of the above.

Which of the following challenges poses a business risk to entrepreneurs who want to conduct international trade?

• trade barriers
• cultural diferences
• tariffs
• all of the above

A customer can belong to more than one target market.

• True
• False

Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of  

• advertising.
• money
• employees.
• commitment

What is a disadvantage of entrepreneurship?

• Personal satisfaction
• Uncertain income
• Lower taxes
• Flexible schedule

Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have _______________ what they do.  

• passion for
• concerns about
• apathy for
• reservations about