Micro Enterprise Regional Exam Prep

Characteristics of successful entrepreneurs include:

• grit
• submission
• self-importance
• short attention span

Which is an entrepreneur?

• an adult who started cutting grass as a pre-teen and now runs a gardening business with a sibling
• a manager of the biggest chain grocery store in town
• the bank CEO who started out as a teller 30 years ago
• the convenience store clerk

Characteristics of successful entrepreneurs include:

• optimism
• pessimism
• territorial
• ineffective

Entrepreneurial problem solvers exhibit the following behaviors:

• comfort performing under pressure
• ability to forget important details
• loyalty to standard practices
• comfort conceding defeat

Self-discipline can best be defined as:

• persistence
• perspective
• prediction
• prescription

Characteristics of successful entrepreneurs include:

• independence
• interpretation
• indifference
• ingratitude

Which of the following is an essential skill for a successful entrepreneur and small business leader?

• ability to interact in a friendly and effective way with people you don’t know
• ability to complete complicated mathematical functions in your head
• ability to use hand tools
• ability to intimidate others

Which of the following best defines self-motivation?

• ability to start and finish a task without giving up despite obstacles that might arise
• ability to ignore directions and do things your way
• ability to follow directions effectively to arrive at a desired result
• ability to develop a plan to get something done

Which is an entrepreneur?

• a woman who designs and makes her own line of clothing and sells them to her friends
• a corporate vice president of human relations
• a parking lot attendant
• a state government official

Successful entrepreneurs can be described as:

• change agents
• unfriendly
• reactive
• passive