Entrepreneurship Basics

Which is not a reason someone becomes an entrepreneur?

• Have a great idea

• Wants to make lots of money

• Doesn't want to work too much

• Wants to make their own hours

Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced is called a _________.

• entrepreneur

• employee

• store manager

• accountant

Which is NOT a disadvantage of entrepreneurship?

• Risky

• Make all of the decisions yourself

• Outcomes can be uncertain

• Get to make your own hours

_________ is the quality of being honest and having strong moral principles;

• Equality

• Ethical Behavior

• Integrity

• Dignity

Someone who is hired to work for someone else is a(n) ___________.

• entrepreneur

• employee

• partner

• investor

_________ is acting in ways consistent with what society and individuals typically think are good values.

• Actions

• Integrity

• Values

• Ethical Behavior

There are over _____ businesses owned by women.

• 500,000

• 2 million

• 7.5 million

• 14 million

The action or process of interacting with others to exchange information and develop professional or social contacts is called _________.

• gathering

• connecting

• dating

• networking

______ focuses on recognizing a business opportunity, starting a business based on the recognized opportunity, and operating and maintaining that business.

• Capital

• Bids

• Entrepreneurship

• Accounts

Typically entrepreneurs have which characteristic?

• They are all the same age

• They are all the same race

• They are all the same gender

• Entrepreneurs don't fit into any particular demographic