Entrepreneurship Final Exam
Questions and Correct Answers 2025-
2026 Updated.
What do small businesses and entrepreneurs contribute to the economy?
Select all that apply. - Answer jobs
innovation
competition
What negatively affects small businesses? - Answer regulations
Match each term with the correct definition. - Answer *discipline* - the ability to stick to
rules of own free will
*competitiveness* - the property of having a strong desire for success and achievement
*perseverance* - steadfastness and commitment in achieving a goal
*vision* - an image of what the future could look like or hold
*adaptability* - the ability to adjust to different ways or conditions
*confidence* - the property of having a strong desire for success and achievement
*risk-taking* - doing something that might result in loss in order to achieve business goals
What are reasons for author J. K. Rowling's entrepreneurial success?
Select all that apply. - Answer She persevered through publisher rejections.
She rebuilt her life from nothing.
Historically, the United States and states such as California have been leaders in
entrepreneurship and innovation because their entrepreneurs are comfortable with risk-taking.
Is the previous statement true or false? - Answer true
Questions and Correct Answers 2025-
2026 Updated.
What do small businesses and entrepreneurs contribute to the economy?
Select all that apply. - Answer jobs
innovation
competition
What negatively affects small businesses? - Answer regulations
Match each term with the correct definition. - Answer *discipline* - the ability to stick to
rules of own free will
*competitiveness* - the property of having a strong desire for success and achievement
*perseverance* - steadfastness and commitment in achieving a goal
*vision* - an image of what the future could look like or hold
*adaptability* - the ability to adjust to different ways or conditions
*confidence* - the property of having a strong desire for success and achievement
*risk-taking* - doing something that might result in loss in order to achieve business goals
What are reasons for author J. K. Rowling's entrepreneurial success?
Select all that apply. - Answer She persevered through publisher rejections.
She rebuilt her life from nothing.
Historically, the United States and states such as California have been leaders in
entrepreneurship and innovation because their entrepreneurs are comfortable with risk-taking.
Is the previous statement true or false? - Answer true
