Entrepreneurship

An entrepreneur

• a. has the final say in business decisions

• b. may not employ anyone else

• c. is responsible for the success or failure of his or her own business

• d. all of the above

Which of the following is not a risk for an entrepreneur?

• a. potential business failure

• b. financial stability

• c. financial insecurity

• d. long hours and hard work

How many business owners have home-based businesses?

• a. about 75 percent

• b. about 50 percent

• c. about 25 percent

• d. fewer than 10 percent

A natural ability to do a particular type of work or activity well is called?

• a. a skill

• b. an attitude

• c. an aptitude

• d. self-esteem

When a business encourages employees to be creative within the company, the practice is called?

• a. entrepreneurship

• b. creating a vision

• c. implementing a vision

• d. intrapreneurship

What is a dot-com company?

• a. a small company

• b. a company that runs most or all of its business from the internet

• c. a company that adopts business practices aimed at protecting or improving the environment

• d. a foreign company

What is possibly the biggest reward of becoming an entrepreneur?

• a. empowerment

• b. fame

• c. money

• d. none of the above

A common standard that defines a non-manufacturing business as small is?

• a. having fewer than 500 employees

• b. having fewer than 250 employees

• c. having fewer than 100 employees

• d. having fewer than 50 employees

As an entrepreneur, the amount of money you receive from your company

• a. is constant, like a paycheck for any other employee

• b. is typically less than for an employee

• c. is typically more than for an employee

• d. may go up or down, depending on the business

As an entrepreneur, the amount of time you spend working is typically?

• a. constant - 35 to 40 hours a week, just like an employee

• b. a little less than for an employee

• c. more than for an employee, particularly during initial startup

• d. significantly less than for an employee around 20 hours a week