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PCC Chapter 5 Study Guide Questions and Answers
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PCC Chapter 5 Study Guide Questions and Answers Thinking like an entrepreneur can help______ you do well at school, home, and in your community What are the risks of being an entrepreneur? Unexpected problems or challenges for which you are up prepared, unreliable income, and busy schedul...

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  • October 28, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • pcc chapter 5 study guide questions and answers
  • thinking like an entrepreneur can help you d
  • what are the risks of being an entrepreneur unexp

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PCC Chapter 5 Study Guide Questions
and Answers
Thinking like an entrepreneur can help______ - answer you do well at school, home,
and in your community

What are the risks of being an entrepreneur? - answer Unexpected problems or
challenges for which you are up prepared, unreliable income, and busy schedule

How can and entrepreneur identify new ideas for business growth? - answer
Observe - stay aware of what goes on around you, Listen - pay attention to what others
have to say , and Think - find possible solutions

What can be rewarding as an entrepreneur? - answer Make your community a better
place, make your own hours and rules, pride and satisfaction from starting and growing
a business

How old are most business owners? - answer About 37% are over 55; only 2% are
under 25; most are between there

What are the risks of international trade? - answer Governments might place
restrictions called trade barriers on international trade, exchange rates change daily,
and cultural difference can impact business decisions

How many business owners use their own money or family monies to start their
business? - answer More than 34% (almost half for the test)

What do entrepreneurs invest in when opening their own business? - answer Money,
time, and energy

What qualities should entrepreneurs have? - answer courage, curiosity, disciplined,
and empathy

Courage - answer willing to take risk insight of possible losses

Curious - answer eager to learn and know how to ask questions and find answers

Discipline - answer the ability to stay focused and follow schedules to meet
deadlines

Empathy - answer putting yourself in someone's shoes

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