Ch 1 Characteristics of Entrepreneurship Assessment

Which of the following is NOT an advantage of entrepreneurship?

• Flexibility

• Costs

• Control

• Legacy

What does an entrepreneur’s legacy refer to?

• Leaving their mark on the world

• Controlling business operations

• Developing flexibility

• Taking actions to coordinate a business venture

Which is a type of self-assessment?

• Failure

• Control

• Employee test

• Interest inventory

Match the following

• Intrapreneur

• A test or research activity designed to help find a suitable career path

• Risk

• Qualities and skills necessary to accomplish something

• Interest Inventory

• The potential of an action to not go as planned

• Ability

• The process of devising an idea, taking risks, and establishing a business

• Entreprenuership

• A corporate executive who develops new enterprises within a corporation

Match the following

• Employee

• Someone employed by another for wages, salary, and typically in a position below the executive level

• Career Plan

• Natural abilities to learn or do something

• Business Plan

• A list of structured actions and career goals to map out future work success

• Aptitude

• An arrangement in which a person learns an art, trade, or job under another, more experienced person

• Apprenticeship

• A series of documents that serve as a blueprint for building a business

Organize these options into the right categories

Groups:

(a) Basic Skills

,

(b) Leadership Skills

,

(c) Problem-Solving Skills

• Communication

• Motivated

• Reading

• Planning

• Versatile

• Resilience

• Realistic

• Listening

• Optimism

• Adaptable

• Writing

• Confidence

A person who organizes, operates, and assumes the risk of a business venture is called an

The SMART goal method is used to define individual goals. What does the S stand for?

The SMART goal method is used to define individual goals. What does the M stand for?

The SMART goal method is used to define individual goals. What does the A stand for?