Intro to Entrepreneurship Review

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

• Entreprenuership

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

• Risk

• Qualities and skills necessary to accomplish something

• Interest Inventory

• A corporate executive who develops new enterprises within a corporation

• Ability

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

• Intrapreneur

• The potential of an action to not go as planned

Match the following

• Apprenticeship

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

• Career Plan

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

• Aptitude

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

• Employee

• Natural abilities to learn or do something

• Business Plan

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

Organize these options into the right categories

Groups:

(a) Basic Skills

,

(b) Leadership Skills

,

(c) Problem-Solving Skills

• Planning

• Resilience

• Listening

• Realistic

• Adaptable

• Writing

• Reading

• Confidence

• Optimism

• Communication

• Motivated

• Versatile

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

(a)  

The National Career Clusters Framework divides job opportunities into how many different career clusters?

• 10

• 12

• 14

• 16

According to data trends, men are more likely to become entrepreneurs than women?

• True

• False

The specific aspirations of a company, the major goals it will try to reach.

• Vision Statement
• Company Description
• Mission Statement
• Executive Summary