Entrepreneurship Diagnostic Test

The word "entrepreneurship" encompasses the following, EXCEPT:

• profit

• innovation

• gambling

• start-ups

An entrepreneur has the following  personal characteristics except:

• Self- confident

• Goal-oriented

• Creative

• Pessimistic

A person that undertakes a business venture is called a/an _________.

• manager

• entrepreneur

• collector

• gambler

Entrepreneurship contribute to:

• Economic Growth

• Employment Opportunities

• Career alternatives for women and minorities

• All of these

To meet certain goals for a business as whole, an entrepreneur may develop a short-term plan such as:

• Marketing Plan

• Family Plan

• Business Plan

• Building Plan

The process of creating something new that makes life better is called:

• Technology

• Brand Recognition

• Opportunity cost

• Innovation

Entrepreneurship is a wealth-creating venture.

• True

• False