Introduction to Entrepreneurship

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

• Employee

• Entrepreneur

• Enterprise

• Environmentalist

Which of the following is a trait of an entrepreneur?

• Aggressive and Intensify

• Uncomfort with risk

• Optimistic and Positive

• Aggressive and strongminded

Which of the following is a reason why person start their own business?

• You are in charge of the decision making so their is no risk

• Flexible work schedule and feeling accomplished

• Having a business plan will guarantee that you encounter no obstacles

• Free funding to start a business and no risk

What benefits do entrepreneurs play with in Jamaica's economy?

• Entrepreneurs informed consumers about what they should want and need

• Entrepreneurs borrow money from the economy to start there own business

• Entrepreneurs create the businesses that produce products and services that meet the wants and needs of consumers.

• Entrepreneurs employ people and pay no taxi.

Michael wants to become an entrepreneur but he is having trouble deciding. Which of the following is a reason to be an entrepreneurs?

• Financial independence

• Be your own Boss

• Create Employment for others

• All of the above

Which of the following is NOT a disadvantage of that entrepreneurs bring to Jamaica

• Contribute to Gross Domestic Product

• Create Employment for family only

• New technology and best practices

• Provide goods for the export market