WorksheetsEntrepreneurship a final exam review #2
Total questions: 10
Worksheet time: 5mins
About how many new businesses do not survive beyond five years?
about 10 percent
nearly one-quarter
about half
almost 90 percent
The owner’s business experience is a factor that contributes to the likelihood of success
True
False
Being a good team member involves commitment, cooperation, and creativity.
true
false
Following a brainstorming session, a decision should be made immediately.
true
false
A disadvantage of entrepreneurship is that entrepreneurs
face irregular incomes
must make all decisions by themselves
work long hours
all of these
Which of the following is not a characteristic of a successful entrepreneur?
determination
creativity
dependence
self-confidence
Which is not one of the risks of entrepreneurship?
potential business failure
isolation from meeting people
financial insecurity
long hours
People who excel at their jobs
have generally learned much about their profession
see how successful marketing is conducted
know how to satisfy customer needs
all of these
Products you can see and touch are called
goods
service
intangibles
all of these
When a business owner decides to grow the business he or she needs to consider the
equilibrium quantity
variable costs
marginal cost
economies of scale
