Chapter 1: Characteristics of an Entrepreneur

An individual who starts and runs their own business with the intention of making a profit

• Investor

• Entrepreneur

• Businessman

• Boostrapper

How do you spell the name of this class?

• Entreprenership

• Entrepreneurship

• Entreprenuership

• Enterpreneurship

Which of the following is not a characteristic of a successful entrepreneur?

• Determination
• Creativity
• Dependence
• Self-Confidence

Researchers have determined that successful entrepreneurs

• want to make their own decisions

• do not always know what they want

• like to have someone else make decisions

• do not need to set goals

Two key factors that aid an entrepreneur's commitment to a business are

• hobbies and sales experience
• interests and past experiences
• interest and sales experience
• hobbies and athletic ability

Aptitude is the ability to:

• act quickly

• evaluate interests

• learn a particular kind of job

• all of these.

To determine your suitability for entrepreneurship, you should assess your:

• strengths and weaknesses

• interests

• aptitude

• all of these

Risk is

• an advantage to entrepreneurship

• a disadvantage of entrepreneurship

• Neither an advantage nor a disadvantage of entrepreneurship

• both an advantage and a disadvantage of entrepreneurship

A disadvantage of entrepreneurship is that entrepreneurs

• do not have regular income

• must implement creative ideas

• control their own destinies

• none of these

Successful entrepreneurs need to be self-confident because they must make decisions alone, but they do not need to be creative because they can hire creative people

• True

• False