Entrepreneurship Test with Verified Answers
A new business should be based on an
entrepreneur's individual interests because the
entrepreneur must - ANSWER -dedicate as What is one purpose of writing a business plan before
many hours as needed to the work entering the market? - ANSWER -to
differentiate the new company from the competition
What can the reader conclude from the graph? -
ANSWER -A company offering physical therapy
most likely has only an 80 percent chance of
surviving for at least two years.
How are Bill Gates and Henry Ford similar? Check all
that apply. - ANSWER -They both became
wealthy and successful.
They both helped better the lifestyles of others.
They both developed products that filled a human
need or needs
An entrepreneur's first business fails, but their
second attempt at the business is succeeding. You
can assume that - ANSWER -they learned from
their mistakes.
What is a main reason why entrepreneurs
experience daily stress - ANSWER -They have
considerable responsibility.
An entrepreneur must accept being accountable for
the failure of the company because the entrepreneur
is - ANSWER -responsible for organizing the
business
What must an entrepreneur do after creating a
business plan? - ANSWER -finance the
business
What is one way for an entrepreneur to decrease
risk? - ANSWER -by creating a strong business
strategy
An entrepreneur would most likely be interested in -
ANSWER -personal fulfillment.
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A new business should be based on an
entrepreneur's individual interests because the
entrepreneur must - ANSWER -dedicate as What is one purpose of writing a business plan before
many hours as needed to the work entering the market? - ANSWER -to
differentiate the new company from the competition
What can the reader conclude from the graph? -
ANSWER -A company offering physical therapy
most likely has only an 80 percent chance of
surviving for at least two years.
How are Bill Gates and Henry Ford similar? Check all
that apply. - ANSWER -They both became
wealthy and successful.
They both helped better the lifestyles of others.
They both developed products that filled a human
need or needs
An entrepreneur's first business fails, but their
second attempt at the business is succeeding. You
can assume that - ANSWER -they learned from
their mistakes.
What is a main reason why entrepreneurs
experience daily stress - ANSWER -They have
considerable responsibility.
An entrepreneur must accept being accountable for
the failure of the company because the entrepreneur
is - ANSWER -responsible for organizing the
business
What must an entrepreneur do after creating a
business plan? - ANSWER -finance the
business
What is one way for an entrepreneur to decrease
risk? - ANSWER -by creating a strong business
strategy
An entrepreneur would most likely be interested in -
ANSWER -personal fulfillment.
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