Careers in Entrepreneurship

The ability to guide or direct the actions of others is an example of:

• communication skills

• problem solving skills

• creativity

• leadership skills

A company that is operated in a residential dwelling is a

• home-based business

• major corporation

• garage stand

• yard sale

The ability to express thoughts and ideas is

• leadership skills

• communication skills

• self awareness

• financial knowledge

The creation of new or unique products is

• innovation

• enterprenereurship

• networking

• self awareness

Steps that an individual must take to improve skills or traits is called

• creativity

• flexibility

• professional development

• innovation

The ability to adapt to changes as they occur is

• flexibility

• creativity

• technical skills

• innovation

How do entrepreneurs develop their skills?

• by reducing flexibility

• by seeking little or no advice from others

• by training and continuous practice

• by becoming an autocratic leader

Which of the following is a way that entrepreneurship helps our society?

• Eliminates financial concerns

• Creates new jobs

• Decreases economic growth

• Reduces taxes

The most likely reason an individual might turn a woodworking hobby into a business is

because of

• higher taxes.

• personal satisfaction.

• sales quotas.

• guaranteed financial security.

While managers help to make entrepreneurs’ visions a reality, they aren’t required to

• set business objectives.

• formulate company policy.

• implement procedures.

• assume the risk involved.