Entrepreneurship 1.01-1.02

What is a trend that affects the growth of entrepreneurial ventures?

• a rise in customer desire

• reduced need for health care

• higher demand for more convenience products

• shift to a agricultural based society

Identify new products opportunities usually requires a person to be

• emotional

• aware

• decisive

• indifferent

Leroy devotes long hours and personal time to focus on building his clientele. What entrepreneurial trait is Leroy exhibiting?

• humility

• objectively

• determination

• organization

Which of the following is a financial concern that entrepreneurs face when starting a new business

• long work hours

• shorter vacations

• irregular paychecks

• Starbucks gift cards

Lindsey looks at the brighter side of things when times get tough and tends to remain positive. What characteristic trait is she demonstrating?

• innovation

• determination

• optimism

• organizational

Pablo is making a decision that could make lots of money but is risky. If it fails he is willing to take the consequences. What is Pablo doing?

• requesting support for his decision

• asking others to share the blame

• accepting responsibility

• telling others the decision is doomed

Entrepreneurs often discover business ideas by looking gaps between what is currently being done and

• how it is being done

• what was done before

• when changes were last made

• what needs to be done

Successful entrepreneurs enjoy the work and often start businesses so they can share their interest and enthusiasm. They have what for what they do?

• apathy for

• concerns about

• tired of

• passion for

Which of the following statements regarding training for entrepreneurial ventures:

• most must pass a state exam

• Most have a degree from a four year school

• type of training and education is based on the nature of the business

• training can be done after you fail

When a individual recognizes the possibility of an undesirable outcome but continues to work toward a goal.

• creativity

• risk taking

• self-disciplined

• flexible