Intro to Entrepreneurship

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

Most entrepreneurs work long hours, but they create their own schedule.

• True
• False

ALL entrepreneurs have a college degree.

• True
• False

Entrepreneurs have to find their own health insurance and plan for retirement.

• True

• False

Entrepreneurs do not pay taxes to the IRS.

• True

• False

The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

Which is a characteristic of a successful entrepreneur? Choose all that apply

• Motivated

• Takes very little risk

• Passionate

• Hard-working

Any reward or benefit that motivates people to do something.

• incentive
• money
• bonus
• financial gain

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable