Make It Your Business Pretest jlg

What is the individual who buys a product called?

• Customer
• Consumer
• Supplier

How do you reduce the risk of starting a new business?

• Advertising
• Planning
• Investment

What do you call an individual who sets up their own business?

• An enterprise
• An entrepreneur
• A stakeholder

The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

Which one of these is NOT a characteristic of an entrepreneur?

• risk taker
• idea person
• generalist
• specialist

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Which is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organized
• irresponsible

An entrepreneur is someone who works for themselves.

• True
• False

Most entrepreneurs work long hours, but they create their own schedule.

• True
• False

The process of starting and running a business.

• Entrepreneurship
• Technical Skills
• Independent Skills