Entrepreneurship 4-1 Glossary Quiz

What are traits of successful entrepreneurs?

• Innovative and Persistent

• Passionate and Focused

• Persuasive and Hard Working

• all of the above

In an effort to bootstrap and save money, many entrepreneurs started their businesses from their

• corporate office and museum

• headquarters and gym

• park and synergy

• garages and dorm rooms

Successful entrepreneurs share __________ as a common trait; they do it for the love of the game, for the journey.

• balance sheets

• strategy

• passion

• fear

The trait of ______________ is a picture the entrepreneur paints in their mind, that if the company is successful, the company and/or world might look a certain way.

• strategy

• vision

• mission

• persistence

Teresa is being very resourceful when she starts her business by finding ways to build it with limited funds and resources. She is ______________.

• bootstrapping

• taking risk

• multi-tasker

• relaxing

Successful entrepreneurs are problem solvers. They use the following trait, which involves the creation of new, unique products or services:

• bootstrapping

• self-awareness

• innovation

• mission

A willingness to be flexible and to be “on call” and to work long and irregular hours, in order to serve your employees and customers and grow your business, is an example of what trait of successful entrepreneurs and business owners?

• persuasiveness

• work-ethic

• confidence

• life-long-learner

Geraldo has a personal budget that he has stayed disciplined to now for five years. He invested $300 per month at 6% compounded monthly and now has a little over $21,000. He wants to start a business but is scared that he will lose the money he worked so hard to save. Based on this information, it’s possible Geraldo doesn’t possess a certain entrepreneurial trait. Which one?

• Bootstrapping

• Multi-tasker

• Life-long-learner

• Willingness to take risks

Successful entrepreneurs usually have a lot of ___________; they believe their visions will become a reality – they are resolute, optimistic and determined.

• confidence

• risk aversion

• work ethic

• debt