Entrepreneurship UNIT 2-3-4 Review

Entrepreneurs identify problems or gaps in the marketplace, and use ____________ to create solutions.

• metrics

• Microsoft

• innovation

• delegation

Successful entrepreneurs usually have a lot of ____________; they believe their visions will become a reality – they are resolute, optimistic and determined.

• confidence

• risk aversion

• work ethic

• debt

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 solopreneur is: 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

These external factors can impact entrepreneurial growth: 1)__________, 2) Racial, 3) Social, 4) Political, and 5) Psychological. Select an answer from the options below.

• Manufacturing

• Economic

• Corporate

• Managerial

The trait of _______________ is a picture the entrepreneur paints in their mind, that if the company is successful, the company and/or world might look a certain way. Select an answer from the options below.

• vision

• ambition

• strategy

• execution

Improper delegation, without enough direction or management, can cause employees to become: Select an answer from the options below.

• frustrated and confused

• empowered

• developed

• promoted and rewarded

Successful entrepreneurs are problem solvers. They use the following trait, which involves the creation of new, unique products or services: Select an answer from the options below.

• bootstrapping

• self-awareness

• innovation

• mission

Successful entrepreneurs share __________ as a common trait; they do it for the love of the game, for the journey. Select an answer from the options below.

• balance sheets

• strategy

• passion

• fear

These are one-person operations, where someone starts and runs the business by themselves, with no additional partners or staff. Select an answer from the options below.

• solopreneur

• small-business owner

• a tax deduction

• an intrapreneur