Chapter 1-Entrepreneurs and Entrepreneurship Part 2

Entrepreneurs and employees are both directly affected by the consequences of decisions they make.

• True

• False

An entrepreneur who is green focuses on

• helping others who are in need.

• operating with integrity.

• finding societal needs that are not being met by the government.

• conserving resources.

Everyone has the qualities and aptitude needed to become a successful entrepreneur.

• True

• False

An advantage of entrepreneurship is nobody tells an entrepreneur what to do.

• True

• False

Researchers have determined that successful entrepreneurs

• want to make their own decisions.

• do not always know what they want.

• like to have someone else make decisions.

• do not need to set goals.

A self-assessment is an evaluation of your

• hobbies and interests.

• strengths and weaknesses.

• past job experience.

• ability to act quickly.

Analyzing past experiences and jobs is a good way to come up with a business idea.

• True

• False

Assessing different business opportunities helps you identify those that have the best chance for success.

• True

• False

Possibilities that arise from existing conditions are

• ideas.

• opportunities.

• dreams.

• goals.

All of the following can help you determine if a business opportunity is realistic except

• the rate of business failure.

• the market for that kind of business.

• the background needed to run that kind of business.

• the interest rates for loans at different banks.