ESB Review 1

What is the goal of entrepreneurship?

• To be your own boss

• To set up a business and earn profit

• To be a leader and manager

• To be rich

What characteristic is being described? "turning one's ideas into action or bringing in new ideas to generate more or better business."

• resilency

• grit

• growth-minded

• initiative

What characteristic is being described?

"trusting one's self, one's goals, and one's progress."

• grit

• self-reliance

• resiliency

• risk tolerance

What characteristic is being described?

"tackling goals with courage and perseverance, even when it is challenging."

• grit

• growth mindset

• resilency

• self-reliance

What characteristic is being described?

"the amount of loss one is willing to take when making investment decisions."

• opportunity recognition

• risk tolerance

• forward thinking mentality

• growth mindset

Which characteristic is being described?

"believing that one can accomplish anything if one works hard."

• grit

• resiliency

• initiative

• growth mindset

Entrepreneurs need to be able to MARKET & SELL their products / services.

• True

• False

What is the GREATEST benefit of entrepreneurship?

• less stress

• less hours

• schedule control

• financial instability

What is the GREATEST risk of entrepreneurship?

• financial instability

• bankruptcy

• schedule control

• more hours

Which step in the design thinking process is being described?

"State Your Users' Needs and Problems"

• Empathize

• Define

• Test

• Protocol