Entrepreneurship Final Exam Review

An entrepreneur

• must take college level courses

• is responsible for his or her business success

• must employ more than five employees

• works for someone else

By definition, an entrepreneur

• works in a larger company than an employee

• has fewer benefits than an employee

• risks more than an employee

• risks less than an employee

The ability to perform a specific kind of task after practice is referred to as having

• self-esteem

• an attitude

• an aptitude

• a skill

Which of the following is not generally a personal characteristic of a successful entrepreneur?

• perseverance

• courage

• curiosity

• cautiousness

Developing an entrepreneurial mindset will help you

• only if you work as an employee

• invest your money

• only if you start a business

• whether you start a business or work as an employee for a company

Job shadowing means

• to thank someone for hiring you

• to follow someone around at his or her job to learn about it

• to take someone’s job

• to call and make an appointment for a job interview

"Doing well by doing good" is an advantage for businesses who practice

• all of the above

• corporate social responsibility

• facilitated giving

• greenwashing

Corporate social responsibility balances

• good of society with profit and growth

• profit and growth with the personal benefit

• good of society with the needs of the economy

• profit and growth with the needs of the economy

You can recognize potential business ideas from which of the following sources?

• problems that need solving

• changes in laws

• new discoveries

• all of the above

Generating creative ideas

• is for artists, not entrepreneurs

• is an important part of being an entrepreneur

• is not relevant to business in the real world

• is helped by fear of failure