NCFE Eng 4: Chinese Entrepreneur...pt. 2

Which statement provides an objective summary of the text?

• Entrepreneurship can be lonely, but the financial rewards outweigh the emotional struggles
• Entrepreneurship can be a challenge for people who have only been exposed to their own cultures
• Entrepreneurship can only be successful for those who are willing to utilize the newest technology
• Entrepreneurship can be difficult, but the freedome it provides makes it the right choice for many

In paragraph 20, what is implied by the use of the phrase "dusty industry" in reference to the furniture business?

• The sale of furniture in the traditional manner makes it easier for new designers to establish themselves
• Selling furniture on the Internet is a risky venture and can lead to failure for reckless entrepreneurs
• Many entrepreneurs avoid furniture manufacturing because of the industrial waste it creates
• Furniture manufacturing and sales have remained essentially the same for many years

According to the text, how has the Internet helped further the careers of new furniture designers?

• It has caused many industries to be outsourced
• It has provided a venue for creativity
• It has allowed orders to come in faster
• It has caused retailers to become cautious

What is the meaning of the metaphor "Speed is king" in the text?

• The speed at which people can access the Internet determines whether they will patronize a business
• Selling goods quickly is the most important factor of Internet business success
• Delivering purchased goods to customers quickly is a significant factor in their satisfaction
• Launching new products quickly is important to being competitive in the furniture business

How does the author develop the description of Ning Li's business ideas?

• In order of importance, from most vital to least vital business decisions
• In a biographical format that details each decade of Ning Li's life as an entrepreneur
• In sections that explore Ning Li's inispirations, decisions, challenges, and ideas for working as an entrepreneur
• In a sequential order that describes his overwhelming successes in the furniture business outside of China

Based on the information in the text, why is China a leader in manufacturing?

• It understands international markets
• It outsources most of their processes
• It has more designers than any other country
• It has an unstable economy

Why does the author choose to use quotations from Ning Li?

• To demonstrate the entrepreneur's detailed command of the English language
• To provide the entrepreneur's perspective in his own words
• To support the opinion that businesses have many aspects, and the entrepreneur must understand them all
• To illustrate the ups and downs of owning and managing an online furniture business in a technological age