Business Management Bell Ringer Day 3: Unit 3-Chapter 1

Why is it important to entrepreneurs to be problem solvers?

• All of the answers are correct

• To effectively evaluate options

• To provide customers and employees with solutions

• To build confidence among employees

Which one of the entrepreneurial skills would fall under marketing and sales?

• Ordering the right inventory

• Creating events

• Opening the doors early

• Paying bills on time

What is the typical way a small business is funded?

• Sale of stock only

• Bank loans only

• Sales of stock and bank loans

• Personal savings and bank loans

Which one of the following is an example of entrepreneurial creativity?

• Developing an innovative marketing plan

• Occasionally assuming the role of an employee

• Creating a flexible schedule

• Taking daring financial and operational risks

What is the best explanation of a microenterprise?

• A small business

• A business that employs no more than 25 employees

• A business with less than ten employees

• A big business that owns a group of small businesses

What does the "E" stand for in the Myers-Briggs Type Indicator?

• Excellent

• Excited

• Extroversion

• Entrepreneur

Around whose work does the Myers-Briggs Indicator revolve?

• Carl Myers

• Mark Briggs

• Carl Jung

• Mark Myers

What is the type of personality many entrepreneurs possess as measured by the Myers-Briggs Type Indicator?

• TRSE

• RRSP

• ESTP

• EPTT

What's the best explanation of entrepreneurship?

• A person engaging in entrepreneurial activity

• The ability and willingness to take a risk to develop a business

• The ability to run a business

• The willingness to take risk

What type of entrepreneur is required to invest all profits back into the enterprise?

• Corporate venturer

• There is no such type of entrepreneur

• Serial entrepreneur

• Non-profit entrepreneur