Entrepreneurship: Chapter 1 quiz review

Special meetings at which companies of the same industry or related industries display their products.

• brainstorming

• employees

• trade shows

• self-assessment

An evaluation of your strengths and weaknesses

• brainstorming

• employees

• trade shows

• self-assessment

A creative problem-solving technique that involves generating a large number of fresh ideas.

• trade shows

• brainstorming

• self-assessment

• employees

People who are hired to work for someone else

• employees

• brainstorming

• trade shows

• self-assessment

Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Leonard Wilson convinced her that they should go into business together and sell the sauce. They now ship WW's Red Sauce to stores in 35 states. Wall and Wilson are examples of

• intrapreneurs

• entrepreneurs

• employees

• managers

Which of the following is not an example of an entrepreneur?

• Diane Molberg started By Request, a successful home bakery business

• Donna Cook started a cleaning service ten years ago.

• Gene Morgan manages The Secret Garden, a business owned by her sister.

• Elmer Olsen created Bayfield Apple Jam and distributes the jam nationally.

Team members who have the right set of skills needed to get the job done are demonstrating

• communication

• cooperation

• creativity

• competency

Jackson Hewitt, a tax preparation company, is an example of which type of business?

• manufacturing business

• wholesaling business

• retailing business

• service business

The plant where Goodyear tires are made is an example of which type of business?

• manufacturing business

• wholesaling business

• retailing business

• service business

According to the Small Business Administration's Office of Advocacy, how many new businesses survive for at least ten years?

• one-third

• one-half

• one-fourth

• three-fourts