Entrepreneur in You!

What is the definition of an

entrepreneur?

• An entrepreneur is someone who

  manages a business.

• An entrepreneur is someone who owns a business and makes profit from that business

• An entrepreneur is someone who

  creates, owns and potentially runs a business

• None of the Above

Which of the following is NOT true

about an entrepreneur?

• An entrepreneur's salary is evaluated

  based on his ability to complete the tasks assigned to him.

• An entrepreneur gets to act as

  his own boss.

• An entrepreneur has ownership in

  the business.

• An entrepreneur is responsible

  for the success of their business.

An example of an asset is:

• Time

• Money

• Car

• All of the Above

Which of the following is NOT a true statement about business plans?

• They can help lower the risk of

  starting a new business.

• They should never be revised.

• They are created before starting

  a business.

• They should include an overview

  of your business goals and how you think you are going to achieve them.

Which of the following is NOT

necessarily a characteristic of successful entrepreneurs?

• Creativity & Collaboration

• Comfort with Risk

• Aggressiveness & Intensity

• Initiative & Self-Direction

Which of the following is an

advantage of starting your own business?

• You have control over where and

  when you work.

• During the start-up phase, you do not have to think about funding

• You are in charge of the

  decision-making so there is little to no risk.

• As long as you make a business plan, you will know what obstacles to expect

While being an entrepreneur can be

the right career choice for many, some may not feel that starting a

business is for them. What is the best reason to study entrepreneurship?

• Knowing about entrepreneurship

  means you'll never have to work for a boss.

• Entrepreneurs do not have to

  worry about getting good grades in school because they start their own

  business.

• Thinking like an entrepreneur can

  make you a better student and employee, no matter what your job is.

• None of the above

What is the main difference

between a personal characteristic and a skill?

• You can learn a personal

  characteristic, but it is not possible to learn a skill.

• Personal characteristics become

  skills over time.

• Many people are born with

  business skills but you can't be born with characteristics.

• Skills can be learned and

  developed while personal characteristics are inherent qualities within.

Which one of these is NOT

considered a skill?

• Determination Skills

• People Skills

• Business Skills

• Communication Skills

What role do entrepreneurs play in

economics?

• Entrepreneurs tell consumers what they should want or need

• Entrepreneurs create the

  businesses that produce products and services that meet the wants and

  needs of consumers.

• Entrepreneurs borrow money from

  the economy to start their businesses.

• None of the above