B - Successful Entrepreneur

Success is the accomplishment of a aim or purpose?

• True

• False

A person who organizes and operates a business or

businesses, taking on greater than normal financial

risks in order to do so is called a:

• manager

• superviser

• entrepreneur

• shift leader

What makes an entrepreneur successful?

• How much profit they make annually.

• How much profit they make annually and how much they spend.

• How much profit they make annually and how much it costs them to buy products and services.

• How much profit they make annually and how much of an impact they have on their local and/or global community

What is a reward of being an entrepreneur?

• doing something you enjoy?

• telling people how great you are

• never sleeping

• never admitting you're wrong

What is a risk of being an entrepreneur?

• being creative

• setting your own schedule

• having an uncertain income

• making more money

Competition is the rivalry among businesses for

consumer dollars.

• True

• False

The amount of money a person puts into his or her business as capital is called...

• investment

• credit

• competition

• currency

The buildings, equipment, tools, and other goods needed to

produce a product, or the money used to buy these items is called...

• investment

• capital

• products

• services

The first step in the entrepreneurial process is the

ideation phase, or the process of forming ideas.

• True

• False

Creativity is the process of developing original

ideas.

• true

• false