1st Semester Entrepreneurship Exam - Part 1

A person with a record of success.

• Goal-oriented

• Role Model

• Achiever

• Profile

People whose attitudes and achievements others try to emulate.

• Foundational Skills

• Role Models

• Goal-Oriented

• Achiever

The rivalry among businesses for consumer dollars.

• Achiever

• Foundational Skills

• Capital

• Competiton

able to adjust to a enconomic environment of constant change

• adaptability

• responsible

• responsive

• goal oriented

A/An__________is someone whose job is to bring buyers and sellers together.

• Agent

• Manufacturer's Representative

• Business Broker

• Business Partner

A /An______________ is a legal agreement to begin a new business in the name of a recognized company.

• investment

• franchise

• contract

• venture

The buildings, equipment, tools, and other goods needed to produce a product.

• Capital

• Foundational Skills

• Investment

• Competition

Skills that are used in all jobs when setting up and running a business.

• Role Models

• Foundational Skills

• Investments

• Goal-oriented

A trait of entrepreneurs.

• Achiever

• Profile

• Goal-Oriented

• Role Models

A successful entrepreneur is willing to work until a job gets done. Which of these terms describe this characteristic?

• persistent

• self-confident

• restless

• enthusiatic