Entrepreneurship- Chapter 1 Exam Questions with Verified Solutions Graded A+ (Already Passed)
Which of the following is a reward of being an entrepreneur?
A) acting on your own decisions
B) making your own hours
C) doing work you enjoy
D) all of the above - Answers D
Which of the following wo...
Which of the following is a reward of being an entrepreneur?
A) acting on your own decisions
B) making your own hours
C) doing work you enjoy
D) all of the above - Answers D
Which of the following would NOT be provided by a mentor?
A) tutoring
B) suggestions for achieving goals
C) guidance
D) financial security - Answers D
Entrepreneur Maggie Lena Walker was...
A) the inventor of the phonograph
B) a co-founder of Apple computers
C) the first woman to charter a bank
D) the founder of IKEA - Answers C
A small, non-manufacturing business is defined as having fewer than how many employees?
A) 50
B) 100
C) 10
D) 20 - Answers B
The natural ability to perform a specific kind of task very well is referred to as having...
A) self-esteem
B) an aptitude
C) an attitude
, D) a skill - Answers B
An entrepreneur..
A) works for someone else
B) is responsible for his/ her business success
C) must employ more than five employees
D) must take college level course - Answers B
An attitude is...
A) a feeling you can choose to have
B) a way of thinking about something that affects how you feel about it
C) a feeling that can be positive or negative
D) all of the above - Answers D
Entrepreneurs have a great need for...
A) making a lot of money
B) personal freedom
C) taking risks
D) all of the above - Answers B
What percentage of business owners used money of their own, or from their families, to start or buy a
business?
A) less than 20%
B) more than 60%
C) between 20% and 40%
D) between 40% and 60% - Answers B
Self-assessment is something that...
A) is more important for employees than entrepreneurs
B) helps maximize your strengths and weaknesses
C) entrepreneurs do not consider when hiring employees
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