Entrepreneurship Final Exam Review

What describes the actual or potential purchasers of a product or service?

• Targets
• Consumers
• Service Providers
• Entrepreneurs

A person who works for someone else:

• Aptitude
• Employee
• Entrepreneurs
• Entrepreneurship

What is evaluation of your strengths and weaknesses?

• Self Assessment
• Employee
• Entrepreneurship
• Entrepreneur

People who own, operate, and take risk of a business venture:

• Aptitude
• Employee
• Entrepreneurs
• Entrepreneurship

What are the expenses incurred during the process of creating a new business?

• Net profit
• Start-Up Costs
• Operating costs
• Operating income

The ability to learn a particular job:

• Aptitude
• Employee
• Entrepreneurship
• Entrepreneur

Which is NOT a disadvantage of Entrepreneurship?

• Risky
• Uncertain Income
• You are the boss
• Work long hours

Hiring new employees would fall under which part of a business?

• Finance
• Operations
• Marketing
• Human Resources

Which is NOT an advantage of Entrepreneurship?

• Can choose a business of interest.
• You can be creative.
• Make a lot of money.
• You will make decisions alone.

What is the concept of conceiving and implementing new ideas, methods, and solutions?

• Innovation
• Networking
• Collaboration
• Growth Mindset