1.1 Entrepreneurs (Characteristics/Risks and Rewards)

Which of the following is NOT considered a characteristic of an Entrepreneur?

• Risk-taking

• Financial Knowledge

• Creativity

• Confidence

Financial is only a RISK of being an Entrepreneur and not a REWARD?

• True

• False

An Entrepreneur is ONLY interested in being financially rewarded

• True

• False

Which of the following is considered a RISK of being an Entrepreneur?

• Strain on relationships

• Making a profit

• Using contacts to build business

• Being confident

What name is given to the money borrowed from a bank?

• Shareholders' funds

• Angel investor funds

• A bank loan

• An overdraft

Which of the following is the definition of an Entrepreneur?

• Somebody who has taken the risk to start a business and made a profit

• A person who is willing to take the risk and start a business or enterprise

• Somebody creating their own business

• A group of people who start their own business

Profit is what?

• The money you are paid by your customers

• The money you have left after paying all your bills

• The money you are owed by your suppliers

• The money you have left in your bank

Which of these could be more important to an entrepreneur than money?

• Personal Wealth

• Recognition

• A chance to do something new

• Not taking risks

Independence is often seen as bonus to starting your own business, it means?

• Being your own boss

• Not being the boss

• Being able to share the risks

• Working for only one other company

What are two of the challenges an entrepreneur can face?

• Stress

• Having a stable income

• Independence

• Having no challenges