What term is used to describe a person who risks their time, money, and other resources to start and manage a business?

Which of the following is a motivator to become an entrepreneur?

Which of the following is a characteristic of an Entrepreneur?

What phrase is a deep-seated sense that the individual is personally responsible for what happens in their life?

What phrase is a deep-seated sense that forces other than the individual are responsible for what happens in their life?

Which of the following is NOT one of the four big lies about Entrepreneurship, according to an article in Inc. magazine?

What is the source of about 95% of entrepreneurs’ start-up funds?

According to Consumer Reports, what percentage of total start-up funding comes from personal resources?

About what percentage of new businesses start with commercial loans?

What does the US Small Business Administration (SBA) do to help small businesses get loans from local commercial lenders?

Which of the following are websites are used for crowdfunding?

An individual who invests in start-up companies with high growth potential in exchange for a share of ownership is called:

What do we call a company that invests in start-up businesses with high growth potential in exchange for a share of ownership?

Who is a founder of Alibaba and one of the richest people in China?

What is one of the advantages for small businesses as they compete for customers?

What do we call a small segment of a market with fewer competitors than the market as a whole?

What are some of the threats to small businesses?

An advantage of starting a business from scratch is not having to deal with the prior owner's bad decisions.

An Advantage of buying an established business is that relationships with customers and suppliers are already established

An advantage of buying a franchise is that the failure rate is very low

A disadvantage of buying a franchise is that the purchase price can be high

What is the name of the agency of the federal government designed to maintain and strengthen the nation’s economy by aiding, counseling, assisting, and protecting the interests of small businesses?

What is a local office of the Small Business Administration that provides management assistance to small businesses?

What is the name of the organization that provides free, comprehensive business counseling for small business owners from qualified volunteers?

What do we call a formal document that describes a business concept, outlines core business objectives, and details strategies and timelines for achieving those objectives?

In a final business plan, what is the first document that should be provided to summarize the plan's business and how long should it be?

Which of the following is an example of an accidental invention that created a new product?

What percentage of all businesses are small businesses?

Beyond the sheer value of the goods and services small businesses generate, what are three of the powerful contributions they make to the US economy?

What do we call an individual who invests in a start-up companies with high growth potential in exchange for a share of ownership?

What percent of all private sector employees work for small businesses?

Which is an entrepreneur?

Which of the following is a benefit of being an entrepreneur?

What would a successful entrepreneur most likely do when faced with a business challenge?

Which of the following best defines entrepreneurship?

Austin is planning to start a restaurant, he has already assessed the idea and has decided to move ahead with the idea. What will the next step be?

Jeremiah , Diana, and Hailey are planning a startup. Jeremiah mentioned that he uses a method to fund the startup which is NOT usually considered a personal source of finance. Which method could Jeremiah be referring to?

Extensive, complex regulations contribute to low entrepreneurship rates in much of the European Union

According to the textbook, exhibit 7.2, after 10 years only 35% of new businesses are still in business