Entrepreneurship Exam

People who are hired to work for someone else are called _________

People who own, operate, and take the risk of a business venture are called _________

Thought or concepts that come from creative thinking are _________

A creative problem-solving technique that involves generating a large number of fresh ideas is called _________

An evaluation of your strengths and weaknesses

• trade show

• problem-solving model

• aptitude

• self-assessment

Possibilities that arise from existing conditions are called

• opportunities

• outcomes

• options

• observations

Team members who have the right set of skills needed to get the job done are demonstrating _______

• competency

• teamwork

• aptitude

• attitude

The process of running a business of one's own is called________

• stewardship

• ownership

• entrepreneurship

• entrepreneur

Which of the following is not a function of business?

• job creation

• production

• marketing

• finance

Which are also called "Sunk costs"?

• Variable costs

• Hidden costs

• Related costs

• Fixed costs