Micro Enterprise Self Assessment (Cos 1)

An employee:

• Owns a business venture

• works for someone else

• takes primary financial responsibilities

• is responsible for contributing equity to the business

Jack has had a frustrating week. One of the new employees hired just last week showed up late her first two days, and another didn't even show up one of his scheduled days. Jack talked patiently with both of them in the hope that they could turn their situation around and become valuable team members. Unfortunately, at the same time the bank returned the credit application that took Jack days to fill out with requests for additional information. Jack had to find that information and send the application back to the bank. Finally, Jack really wanted to watch Housewives of Atlanta on television tonight, but decided to stay in the store until closing because the store was short staffed. The type of entrepreneurial behavior that Jack has been exhibiting can best be described as:

• Financial literacy

• Self Discipline

• comfort engaging with strangers

• pessimism

Characteristics of successful entrepreneurs include:

• Grit

• Submission

• self importance

• short attention span

Characteristics of successful entrepreneurs include:

• Pessimism

• territorial

• optimism

• ineffective

Characteristics of successful entrepreneurs include:

• interpretation

• indifference

• ingratitude

• independence

Is workplace expectations for being on-time different that the high school expectations?

• Yes, being late at school carries greater penalties than being late for work

• Yes, being late for work carries greater penalties than being late for school

• No, the expectations for being on time are the same

• unclear

Self-discipline can best be defined as:

• perspective

• persistence

• prediction

• prescription

Successful entrepreneurs can be described as:

• unfriendly

• change agents

• reactive

• passive

Which is an entrepreneur?

• a woman who designs and makes her own line of clothing and sells them to her friends

• a corporate vice president of human relations

• a parking lot attendant

• a state government official

Which is an entrepreneur?

• a manager of the biggest chain grocery store in Louisiana

• the bank CEO who started out as a teller 30 years ago

• an adult who started cutting grass as a teen and now runs a gardening business with a sibling

• a convenience store clerk