NCFE Eng 4: Chinese Entrepreneur... pt 1

Which quote from Ning Li supports the development of the central idea of the text?

• "When you look at what Chinese people do abroad, a lot of them open restaurants."
• "Three hundred orders for a furniture business--just amazing."
• "As an entrepreneur we like...freedom."
• "The longer you go into investment banking, the more you are paid."

What does the word entrepreneur mean in the text?

• A business person who organizes an enterprise with considerable risk
• A business person who prefers managing to organizing
• A business person who prefers organizing to managing
• A business person who forms and manages companies without taking a risk

What is the effect of the expression "he had a different itch to scratch" in the first paragraph?

• It hints that Ning Li was not talented or interested in an investment banking career
• It equates Ning Li's investment banking career with owning one's own business
• It compares Ning Li's ownership of a business to feeling out of control
• It suggests that Ning Li had a strong interest in the freedom of owning a business

What does Ning Li imply in paragraphs 3 and 4?

• That investment bankers have very few opportunities to make their own choices
• That his inability to pursue an investment banking career led him to start a business
• That a banking background provides very little help to someone interested in starting a business
• That investment bankers make much more profit than business owners

Which experience in Ning Li's life influenced the choice of his first entrepreneurial venture?

• being successful in investment banking
• realizing the benefits of the internet
• continuing his education in France
• opening an innovative Chinese restaurant

What was the effect of Ning Li's trip to France on his future business plans?

• It encouraged him to develop a business model based on French furniture markets
• It gave him his first exposure to the Internet, which he did not have in his native China
• It allowed him to see firsthand the huge markup on Asian furniture in European markets
• It provided him an opportunity to experience greater personal freedom

What function does it serve in the text to mention that the entrepreneur took a year off between jobs?

• It describes the experiences and adventures the entrepreneur enjoyed while he was not working
• It illustrates how the entrepreneur gained perspective and how he was able to start over again
• It demonstrates how lucrative online furniture manufacturing and selling can be
• It provides a break in the detailed descriptions of the intricacies of oraganizing online furniture companies