2.01 characteristics of an entrepreneur

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs believe in themselves?

• Risk taker

• Self-confident

• Independent

• Goal-oriented

What is the main reason people start businesses?

• Out of boredom

• To make a profit

• To hire friends

• To pay taxes

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs are curious about things that may affect their business and are not afraid to ask questions?

• Inquisitive

• Responsible

• Creative

• Persistent

Which form of business does not pays taxes, but have to use profits for a charitable or educational purpose?

• For-profit

• Service

• Non-profit

• Combination product and service

Successful entrepreneurs are expected to have good speaking, writing and listening skills. This is an example of what skill?

• Communication

• Basic Business

• Human Relations

• Math

How are a franchise and a sole proprietorship alike?

• Require a contract to start

• Easy to start the business

• Can sell stock to raise money

Successful entrepreneurs are expected to keep good financial records, which includes knowing how to calculate profits. This is an example of what skill?

• Human Relations

• Math

• Communication

• Basic Business

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs work until the job is done?

• Responsible

• Persistent

• Inquisitive

• Creative

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs develop a plan of action and make decisions to help achieve that plan?

• Risk-takers

• Goal-oriented

• Independent

• Self-confident

Successful entrepreneurs are expected to have knowledge on how to run a business. This is an example of what skill?

• Basic Business

• Human Relations

• Communication

• Math