ABM ENTREPRENEURSHIP

A quality-oriented entrepreneur produces goods that are of high quality based on his or her perception.

• TRUE

• FALSE

Planning simply refers to the review of past performances.

• True

• False

Goals are broad, while objectives are specific.

• True

• False

As an information-seeker, an entrepreneur uses unverified data in making economic decisions.

• True

• False

Planning and monitoring are two unrelated entrepreneurial activities.

• True

• False

A person is assured of becoming a successful entrepreneur once he or she possesses all the character traits common to successful entrepreneurs.

• True

• False

All business opportunities are exploited by an opportunity-seeking entrepreneur.

• True

• False

a persistent entrepreneur immediately quits from the business venture after experiencing failure.

• True

• False

A risk-taking entrepreneur engages in all types of risky business enterprises.

• True

• False

A person who is efficient produces more products using more production input.

• True

• False