Entrepreneurship and Joy Mangano

The movie that you watched in class, Joy, can best be described as a:

• completely accurate documentary of the life of entrepreneur and inventor Joy Mangano.

• dramatization of the life of entrepreneur and inventor Joy Mangano.

Joy Mangano is best known for her inventions such as the:

• The George Foreman Grill

• The Miracle Mop

Other inventions by Joy Mangano include:

• Huggable Hangers

• Clothes It All Luggage System

• Forever Fragrant

• Joy invented all of these.

In the movie, we learn that Joy’s father, Rudy, is an entrepreneur. Why is this significant?

• The children of entrepreneurs are more likely to become entrepreneurs.

• The children of entrepreneurs are less likely to become entrepreneurs.

Joy Mangano loved to make things. She had the patience and focus to figure it out with her hands. What important characteristic of entrepreneurs is this?

• unoriginal and bland

• creative and imaginative

In the movie, Joy invented a dog collar when she was in high school. The collar was a quick release device to prevent choking and was also reflective. (Hartz really does manufacture this dog collar.) In order to take advantage of her invention, Joy needed a patent. What is a patent?

• A patent is copyright protecting an invention from competition for 70 years.

• A patent protects an original invention from competition for a period of 20 years.

How did Joy’s work experience for Eastern Airlines as a customer service representative prepare and motivate her to become an entrepreneur?

• She learned how to operate and program a computer.

• She learned how to deal effectively with difficult people.

This is an itemized billing statement from a vendor:

• invoice

• bill of lading

This is any business that sells goods or services to other businesses:

• vendor

• retailer

This is the term used to describe the money needed to start a new business:

• equity capital

• startup capital