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Worksheetsentreprenuer
Total questions: 14
Worksheet time: 8mins
Characteristics of successful entreprenurs include
interpretation
indifference
ingratitude
independence
Successful entrepreneurs can be described as
lone wolves
change agents
reactive
passive
Which of the following is a work expectation
unsafe behaviors are addressed tolerantly
serious consequences for failures in self-discipline
OK not to worry about a budget
coming into contact with strangers during a typical day is usual
One advantage of establishing a new company as some type of a corporation is
reduces paperwork the owners have complete
guarantees the company will be profitables
guarantees higher revenues
ability to shield owners from liabilities of or judgement against the company
Which of the following is a state goverment agency
secretary of state militia
Department of defense
small business adminstration
louisiana economic development
The financial term liability refers to
a weakness in the company financial structure
the ability of the company to raise funds
the ability of the company to secure loans
a debt or a loan a company must repay
The fixed costs of a business
must be different each month
include the cost of production matrials
are the same no matter how many customers the business serves
must exceed varible costs
Businesses should always set their prices
lower than their competitors prices
low enough so that revenues are below varibles expenses
to reflect the value of their goods or services not just their costs
higher than their competitors prices
advertising can be important for a new business because it
is a free form of promotion
allows the new business to set up a network of distributiors
communicates a differentiated message to your target customers
is a low- cost method to increase revenues
When launching a business, which is NOT a critical considertion
a how the new companys product or service is different from or better than competitor products or services
identifying team members with important skills the new business can hire
what type of bank account the company will use
physical or virtual location
A company balance sheets is the single report that best indicates
company assets and liabilities
company quarterly cash flow
company financial projections
monthly debt payments and outstanding debt obligations
A payment made to an insurance company to cover the costs of an insurance policy is called
a policy
a dividend
a beneficiary
a premium
An example
a truck
a patent on an invention
stock
electric bank accounts
Entrepreneurial problem solvers exhibit the following behaviors
Comfort performing under pressure
ability to forget important details
loyalty to standard practices
comfort conceding defeat
