Unit 2 Exam Principles of 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

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

• business

• critical thinking

• entrepreneurship

• risk management

Which one of these is NOT a characteristic of an entrepreneur?

• risk taker

• idea person

• generalist

• specialist

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

• True

• False

The chance of danger or loss

• Risk

• Options

• Reward

• Benefit

Which is not a characteristic of conversation?

• Both people express themselves.

• Both people share their ideas.

• Both people listen to the other without interrupting.

• One person does all the talking

Which best describes an active listener?

• Janet listens to her sister but does not really understand what she is talking about.

• Ramon continues to IM his friends while his father talks to him about school.

• Sandy listens to Drew’s point of view, then restates what Drew said to make sure she understood what he was trying to say.

• All of the above.

Which is not a way to improve your listening skills?

• Frequently interrupt the speaker so that you can make sure you understand him or her.

• Focus on what the speaker is saying rather than on how you will respond.

• Concentrate on what the speaker is saying and avoid distractions.

• Pay attention to the overall meaning of the speaker’s words, not just the details.

Which communication technique would not help you solve a conflict?

• Listen to the other person without interrupting.

• Let the other person know that you are willing to talk.

• Stay calm and do not get angry while talking to the other person.

• Explain why the other person made you angry by using “you” statements, such as, “You are selfish.”

Verbal communication includes which of the following

• rolling eyes

• slumped shoulders

• yelling across the room

• raised eyebrows