Intro to Entrepreneurship Quiz Review

Adaptability, competitiveness and confidence are examples of...

• Middle school classes at Laing

• Characteristics of successful entrepreneurs

• The knack for convincing people to see your point of view and to get them interested in your ideas.

• Essential elements of a business plan.

The desire to work hard and achieve one's goals is

• Honesty

• Impossible

• Risk-taking

• Drive

Determined entrepreneurs...

• Avoid paying bills.

• Finish what they start and make sure their work is done well.

• Charge high prices for their products.

• Refuse to take responsibility for their actions.

A disciplined entrepreneur

• Stays focused

• Adheres to a schedule

• Meets deadlines

• A disciplined entrepreneur does all of these things.

Customers....

• Buy products or services from a business

• Sell products or services to a business

• Start and run a business

• Promote products to a business

Someone who buys a product or service from a business is called a...

• Marketing director

• CEO

• Customer

• Profit

Risk can be defined as...

• Customer Service

• The specific group of people a business aims to serve

• An item or service a business offers to customers

• The possibility of losing something valuable in pursuit of a goal

The importance of entrepreneurship and business to society includes...

• Job creation and reduced unemployment

• Higher taxes

• Lower income

• Increase in housing costs

Organization helps entrepreneurs

• Structure their lives and keep tasks and information in order.

• See the end results of their goals while working to achieve them.

• Get a degree in business

• convince people to see their point of view.

The money a business earns after paying its expenses is called

• Sales Revenue

• Profit

• Expenses

• Taxes