Entrepreneurship 1a Semester Exam

Why is being an entrepreneur risky? 

• Because there are no more creative enterprises to create a business out of.

• Because entrepreneurs always fail. 

• Because you often risk your own personal wealth. 

• Because people don't trust entrepreneurs. 

Bill Gates is probably all of the following EXCEPT: 

• independent

• a risk-taker

• an effective communicator

• someone who relies on the opinions of others 

If you possess excellent organizational skills, but are risk-averse and don't like taking initiative, would being an entrepreneur be a good profession for you? 

• Yes, entrepreneurs should be risk averse.

• No, entrepreneurs should rely on others to organize the business.

• No, entrepreneurs must be risk-takers who take initiative and have excellent organizational skills. 

• Yes, all you need is good organizational skills

Not afraid to do new things is what characteristic?

• Risk Taker 

• Human Relations Skills

• Problem-solving & Decision-making Skills 

• Independent 

Knowledge of computers and how to use them productively is what characteristic?

• Goal-Oriented 

• Basic Business Skills 

• Technical Skills 

• Math Skills 

Looking at new ways of doing things, developing solutions to problems is what characteristic?

• Goal-Oriented 

• Creative

• Independent

• Responsible

Focused on developing a plan and achieving your goals is what characteristic?    

• Math Skills

• Goal-oriented

• Inquisitive

• Technical Skills

Not giving up; keep trying is what characteristic?

• Persistent

• Responsible

• Self-Confident

• Creative

Asking questions and seeking answers is what characteristic?

• Math Skills

• Communication Skills

• Inquisitive

• None of the answers

An entrepreneur is someone who assumes the ________ of starting and operating his or her own business.

• challenges

• risks

• headache

• responsibility