Entrepreneurship Study Guide 2024

An entrepreneur

• works for someone else
• must take college level courses
• is responsible for his or her business success
• must employ more than five employees

By definition, an entrepreneur

• has fewer benefits than an employee
• risks more than an employee
• works in a larger company than an employee
• earns less than an employee

Which of the following is a reward of being an entrepreneur?

• making your own hours
• doing work you enjoy
• acting on your own decisions
• all answer choices are correct

Which of the following is not a risk of being an entrepreneur?

• not making much money
• losing time with family
• making a bad business decision
• getting fired

A serial entrepreneur is

• someone who uses money from sale of a business to start another business
• someone who starts more than one business
• someone who learns from previous successes and failures
• all answer choices are correct

Self-assessment is something that

• helps you maximize your strengths and weaknesses
• entrepreneurs do not consider when hiring employees
• is more important for employees than entrepreneurs
• all answer choices are correct

An attitude is

• a way of thing about something that affects how you feel about it
• a feeling that can be positive or negative
• a feeling you can choose to have
• all answer choices are correct

By donating money to a nonprofit organization, an entrepreneur demonstrates

• sustainability
• in-kind donation
• philanthropy
• all answer choices are correct

The practice of a business overstating its commitment to environmental responsibility is called

• green lacking
• sustainability
• greenwashing
• conflict of interest

Which of the following attitudes make it difficult to be creative?

• being afraid of failure
• being judgemental
• being inflexible
• all answer choices are correct