Entrepreneurship

What is a main reason why entrepreneurs experience daily stress? a. They have considerable responsibility. b. They need to spend time training employees. c. They need to have sufficient income to pay loans. d. They have to contribute both to the market and society.

What was the main effect of entrepreneurship in China? a. Poverty noticeably declined. b. Foreign investment declined. c. New products were invented. d. Product exports exceeded imports.

What is one way for an entrepreneur to decrease risk? a. by mimicking popular products b. by maintaining personal flexibility c. by creating a strong business strategy d. by developing reliable sources for materials

An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed? a. a dedication to hard work b. a willingness to admit failure c. an ability to learn from mistakes d. an assumption of responsibility

How are Bill Gates and Henry Ford similar? Check all that apply. a. They both streamlined factory production. b. They both became wealthy and successful. c. They both helped better the lifestyles of others. d. They both developed products that filled a human need or needs. e. They both founded a company when they were very young.

An entrepreneur is someone who a. starts and runs a business. b. is an employee of a business. c. invents products for other businesses. d. works for multiple developing businesses.

A new business should be based on an entrepreneur's individual interests because the entrepreneur must a. have sufficient confidence to succeed. b. be willing to take personal responsibility. c. have enough determination to work alone. d. dedicate as many hours as needed to the work.

An entrepreneur would most likely be interested in a. job security. b. financial gain. c. personal fulfillment. d. a flexible working environment.

An entrepreneur's first business fails, but their second attempt at the business is succeeding. You can assume that a. they learned from their mistakes. b. they are willing to take fewer risks. c. their products or services were unneeded. d. they were unwilling to take financial responsibility.

Successfully starting and running a business requires drive, talent, and clear vision of a long-range a. goal b. problem c. loss.