Chapter 2 Test Review

Most Entrepreneurs consider_______ as the biggest reward of owning a business.

• Prestige

• Making profits

• Being your own boss

• personal satisfaction

_________ is a good reason not everyone wants to be an entrepreneur.

• Risk

• Technology

• Competition

• Reward

__________________ includes the buildings, equipment, tools, and other goods needed to produce a product or the money used to buy these things.

• Assets

• Inventory

• Investment

• Capital

A/An______ is a person whose attitudes and achievements are those one wishes to emulate.

• Celebrity

• Entrepreneur

• Role Model

• Friend

People with more ______ are more likely to start a business

• Money

• Education

• Contacts

• Relatives

Successful _____have the same characteristics as successful entrepreneurs

• managers

• athletes

• competitors

• CEO's

Entrepreneurs are doers as opposed to ______

• Spectators

• Adventurers

• Challengers

• Philosophers

Entrepreneurs must be expert organizers and _______

• Coordinators

• Talkers

• Planners

• Socializers

Entrepreneurs should have a basic understanding of how ____________ works.

• The Economy

• The World

• Business

• Institutions

The typical successful entrepreneur fits a certain

• characteristic

• pattern

• profile

• template