ENT Lesson 2 & 3 Test Prep

Select an answer from the options below.

• contract workers and revenue-focused

• finance and large companies

• accounting and workshops

• competition and maker space

Select an answer from the options below.

• an entrepreneur who works for a company

• an intrapreneur who works from home

• a person who starts a business and runs it by themselves

• an entrepreneur who bootstraps

Advancements in technology occur everyday, which allows some entrepreneurs to run their businesses:

• with less regulation.

• nearly entirely from their laptop computers.

• with a store front.

• with no computer skills.

A labor market involving temporary, flexible, freelance jobs, often using technology to connect workers with those who are hiring, is called:

• small business owner

• gig economy

• contract worker

• solopreneur

An employee who is hired for a specific job at a specific rate of pay, but is not considered a permanent employee, is called:

• 
  a solopreneur

• 
  an intrapreneur

• a tax deduction

• a contract employee

These are one-person operations, where someone starts and runs the business by themselves, with no additional partners or staff.

• solopreneur

• small-business owner

• 
  a tax deduction

• an intrapreneur

Which is a barrier to entrepreneurial success?

• taking too much risk

• taking too little risk

• insufficient innovation

• All

Which is a barrier to entrepreneurial success?

• poor cash flow management

• lack of math acumen

• ineffective management of priorities

• All

Successful entrepreneurs are enthusiastic about their work; they do it for the love of the journey; they are _______________ about what they are doing and why they are doing it.

• concerned

• passionate

• hesitant

• nervous

Risk Averse means:

• you are generally reluctant to take risks

• 
  you are generally open to taking risk

• you are for borrowing a lot of money

• 
  you don’t understand what risk is