DPB2012 Entrepreneurship

What is an entrepreneur?

• A person who is in charge of a specific location.

• A person who organizes and operates a business or businesses.

• A person who works for someone else in order to learn skills.

• none of above

Which is NOT a common characteristic of an entrepreneur?

• creative

• risk-taker

• organized

• irresponsible

Which is a characteristic of a successful entrepreneur?

• Motivated

• Passionate

• Hard-working

• Takes very little risk

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

• true

• false

A target market is

• a group of investors willing to put capital into a business

• a generational group of individuals

• a group of consumers at which a product/service is aimed

• an industry willing to sell and market your product

Owners of stock in a company

• stockholder

• partnership

• sole proprietorship

• sole proprietorship

Starting and owning a person's own business

• corporation

• entrepreneurship

• partnership

• sole proprietorship

A business owned by two or more people.

• Sole proprietorship

• corporation

• Entrepreneurship

• Partnership

9. Entrepreneurs look for business ideas and new and better ways to solve problems.

• true

• false

Entrepreneurs cannot own franchises.

• true

• false