WorksheetsBUSINESS ENTREPRENEURSHIP
Total questions: 10
Worksheet time: 5mins
What are the limitations of owning a small business enterprise?
To make a difference
Possess a future orientation
High level of energy
Risk of losing invested capital
What are the advantages of owning a small business enterprise?
to gain control over your destiny
to make a difference
All are correct
to reap unlimited profits
What are the ingredients of creativity?
Develop new insights and change perspectives
Passion
Agility and adaptation
Customer connection
The “entrepreneurial profile” includes the following attributes: confidence in personal success
True
False
The business failed, not the entrepreneur!!
False
True
What actions will not help an entrepreneur to avoid pitfalls?
Prepare a business plan
Know the business in depth
Understand financial statements and know how to use them
None
Small business innovation requires
Becoming overly specialized
Customer connection
Passion
Customer connection and passion
The right side of the brain generates innovative ideas and the left side of the brain judges market potential
True
False
Believing that “I’m not creative” does not limit individual creativity
True
False
A feasibility analysis consists of:
An industry and market feasibility analysis
A product or service feasibility analysis
A financial feasibility analysis
All three components
