Entrepreneurship Review #1

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

ALL entrepreneurs have a college degree.

• True
• False

What percentage of American workers are expected to be self-employed by 2020?

• 10%
• 20%
• 30%
• 40%

How do many people become millionaires?

• They save aggressively.
• They avoid debt.
• The invest their money.
• All of these

Which is a common characteristic of an entrepreneur?

• organized

• vindictive

• impressionable

• irresponsible

Entrepreneurs create ____________________ for themselves and others.

• wealth

• risk

• plans

• none of these

Which trait or characteristic would describe a successful entrepreneur?

• Lazy

• Shy

• Bossy

• Self Starter

60% of __________________ fail in the first three years

• Coffee shops

• Restaurants

• Retail shops

• Manufacturing plants