Entrepreneurship Chapter 2 Review

Which is not one of the rewards of entrepreneurship?

• less stress

• being your own boss

• being creative

• having job security

Because of intense ___________, business ownership can be a difficult undertaking.

• competition

• schedule

• uncertainty

• investment

The rivalry among businesses for consumer dollars...

• competition

• capital

• strategy

• risk

The biggest risk of being in business is the possibility of losing one's _____________.

• investment

• sanity

• time

• inventory

The amount of money a person puts into his or her business as capital...

• investment

• income

• profit

• capital

What are the buildings, equipment, tools, and other goods needed to produce a product or the money used to buy these items?

• capital

• investment

• inventory

• foundations

Who is a person with attitudes and achievements that others wish to emulate?

• role model

• entrepreneur

• manager

• profiler

Which of these is NOT one of the twelve characteristics of successful entrepreneurs?

• skilled

• persistent

• creative

• restless

Which of these is NOT one of the twelve characteristics of successful entrepreneurs?

• demanding

• responsible

• inquisitive

• self-confident

Which of these is NOT one of the twelve characteristics of successful entrepreneurs?

• respectful

• self-confident

• risk-taking

• action-oriented