1:2 Entrepreneurship

A disadvantage of entrepreneurship is that entrepreneurs (a) face irregular incomes, (b) must make all decisions by themselves, (c) work long hours, (d) all of these.

D

Researchers have determined that successful entrepreneurs (a) want to make their own decisions, (b) do not always know what they want, (c) like to have someone else make decisions, (d) do not need to set goals.

A

A self-assessment is an evaluation of your (a) hobbies and interests, (b) strengths and weaknesses, (c) past job experience, (d) ability to act quickly.

B

Two key factors that aid an entrepreneur's commitment to a business are (a) hobbies and sales experience, (b) interests and past experiences, (c) interests and sales experience, (d) hobbies and athletic ability.

B

An advantage of entrepreneurship is that entrepreneurs (a) can supervise others, (b) make all decisions by themselves, (c) can work in a field that interests them, (d) do not need to set goals.

C

Aptitude is the ability to (a) act quickly, (b) evaluate interests, (c) learn a particular kind of job, (d) all of these.

C

To determine your suitability for entrepreneurship, you should assess your (a) strengths and weaknesses, (b) interests, (c) aptitude, (d) all of these.

C

Which of the following is not a characteristic of a successful entrepreneur? (a) Determination, (b) Creativity, (c) Dependence, (d) Self-confidence.

C

Competency involves (a) being able to look at things from different perspectives, (b) sharing ideas with others both verbally and in written form, (c) working well with others, (d) having the right set of skills needed to get the job done.

D

An advantage of entrepreneurship is that entrepreneurs make decisions all by themselves

False

Aptitude is the ability to evaluate your strengths and weaknesses.

False

Everyone has the qualities and aptitude needed to become a successful entrepreneur

False

Successful entrepreneurs need to be self-confident because they must make decisions alone, but they do not need to be creative because they can hire creative people.

False

Entrepreneurship involves risk, which is both an advantage and a disadvantage.

True

Many entrepreneurs center a business on a hobby.

True

To determine if entrepreneurship is right for you, you need to perform a self-assessment.

True

An advantage of entrepreneurship is that nobody tells an entrepreneur what to do.

True

Being a good team member involves commitment, cooperation, and creativity.

True