Principles of Business Entrepreneurship Final

Which of the following is an example of an entrepreneurial trait?

• dishonest

• unreliable

• discipline

• wholesale

A business opportunity is feasible if it:

• is a service, wholesale, and retail business all in one.

• serves a want or need and has potential for growth/expansion.

• trades stock on the stock market.

• can be financed entirely by bootstrapping.

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

______ 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

Some characteristics of an entrepreneur are persistence, creative, responsible, self-confident, and

• Risk-taking
• Enthusiastic
• Goal-oriented
• All of the above are correct

If you can't _______ a job, you can't _______ a business.

• keep, run

• work, do

• get, open

If you owe someone money. You owe them a ________.

• hunnit Benjis

• bet

• debt

• owe

A debit _______ your account balance. A credit to your account _______ your account balance.

• increases, decreases

• lowers, increases

• freezes, unfreezes

Bankruptcy is...

• always unethical

• easy

• illegal

• a legal process that allows a person or business to avoid paying some or all of their debts.