Entrepreneurship Final

^{What is entrepreneurship?}

• working with others to make create a business.
• the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
• a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
• coming up with ideas to start a business.

_{Which is a characteristic of a entrepreneur?}

• stubborn
• opinionated
• motivitional
• indecisive

_{The entrepreneur should have a good idea of who the customer or target market will be.}

• true 
• false

_{Bankers say that most business fail because _____ inability to plan properly.}

• investors 
• marketers 
• entrepreneurs 
• consultants

_{What is the most common reason given for why people choose to become entrepreneurs?}

• to make a lot of money
• to be their own boss
• to be able to retire early
• to escape the long hours associated with corporate jobs

_{In the United States, approximately one-third of new firms fail within their first four years.}

• false
• true

What is a corporation?

• A business owned by one person

• A business owned by many people

• A business owned by at least two people

Who would NOT be considered an entrepreneur?

• A doctor who starts their own practice

• A doctor who works at a hospital

• A doctor who wrote a book in their spare time

An overview of your business goals and includes details on how you think you are going to achieve them.

• Business Opportunity

• Business Plan

• Entrepreneurship

• Features

Anything that has a value.

• Assets

• Debt

• Liabilities

• Features