Successful Entrepreneurs

Entrepreneurs aim to create

• value

• wealth

• all of the available choices are correct

• ventures

Entrepreneurship is the process of

• starting a business

• operating a business

• growing a business

• all of the available choices

Economic choice is about

• setting goals

• finding an opportunity

• choosing to own private property

• deciding whether or not to do your homework

Capital consist of

• equipment

• opportunity

• money

• equipment and money

_____ force(s) companies to become more efficient to survive.

• goods

• price

• competition

• capital

Independence, personal satisfaction, and prestige are considered by most entrepreneurs as being

• important advantages of being self-employed

• an insignificant part of being an entrepreneur

• desirable, but unattainable as an entrepreneur

• attainable only by working for a large corporation

The characteristic that accounts for an entrepreneur's tendency to stick to a task until it is complete is

• self-confidence

• persistence

• restlessness

• independence

Many entrepreneurs were influenced early in life by

• teachers who thought they should be self-employed

• recognition for scholastic achievement

• entrepreneurial role models

• the lack of opportunity for work experience

Which of the following is NOT an advantage of a partnership?

• diversity of skills

• easy to establish

• strength in numbers

• managing partner

Nike, Adidas, and Bank of America are examples of _____.

• corporations

• sole proprietorship

• general partnerships

• limited partnerships