Chapter 1-MGMT & Ent.

What are the four functions of management?

• controlling, planning, motivating, organizing
• leading, controlling, planning, organizing 
• leading, analyzing, planning, controlling
• planning, organizing, leading, analyzing

This is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals.

• Controlling
• Analyzing
• Organizing
• Finally getting your act together

Which of the following is not a characteristic of a successful entrepreneur?

• Determination
• Creativity
• Dependence
• Self-Confidence

Researchers have determined that successful entrepreneurs 

• want to make their own decisions
• do not always know what they want
• like to have someone else make decisions
• do not need to set goals

Two key factors that aid an entrepreneur's commitment to a business are

• hobbies and sales experience
• interests and past experiences
• interest and sales experience
• hobbies and athletic ability

A self-assessment is an evaluation of your

• hobbies and interests
• strengths and weaknesses
• interests and sales experience
• hobbies and athletic ability

Aptitude is the ability to

• act quickly
• evaluate interests
• learn a particular kind of job
• all of these.

To determine your suitability for entrepreneurship, you should assess your 

• strengths and weaknesses
• interests
• aptitude
• all of these

An advantage of entrepreneurship is that entrepreneurs

• can supervise other people
• must make all decisions by themselves
• can work in a field that interest them
• do not need to set goals

Risk is 

• an advantage to entrepreneurship
• a disadvantage of  entrepreneurship
• Neither an advantage nor a disadvantage of entrepreneurship
• both an advantage and a disadvantage of entrepreneurship