Entrepreneurship Ch. 1 test review

People who own, operate and take the risk of a business venture

• aptitude

• ideas

• entrepreneurship

• entrepreneurs

Jackson Hewitt, a tax preparation company, is an example of which type of business?

• manufacturing business

• wholesaling business

• retailing business

• service business

Which of the following is not an example of an entrepreneur?

• Diane Molberg started By Request, a successful home bakery business.

• Donna Cook started a cleaning service ten years ago.

• Gene Morgan manages The Secret Garden, a business owned by her sister.

• Elmer Olsen created Bayfield Apple Jam and distributes the jam nationally.

Thoughts or concepts that come from creative thinking

• aptitude

• ideas

• entrepreneurship

• entrepreneurs

Entrepreneurs try to identify unmet ______ of the marketplace.

• needs

• measurable

• hobbies

• goal

The ability to learn a particular kind of job

• aptitude

• ideas

• entrepreneurship

• entrepreneurs

The process of running a business of one's own

• aptitude

• ideas

• entrepreneurship

• entrepreneurs

Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Leonard Wilson convinced her that they should go into business together and sell the sauce. They now ship WW's Red Sauce to stores in 35 states. Wall and Wilson are examples of

• intrapreneurs

• entrepreneurs

• employees

• managers

An evaluation of your strengths and weaknesses

• trade shows

• self assessment

• brainstorming

• employees

Special meetings at which companies of the same industry or related industries display their products

• trade shows

• self assessment

• brainstorming

• employees