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 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
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
