Entrepreneurship Test1
A travel agency is a retailing business because it sells airline and train tickets.
False
Although there have been many important entrepreneurs in the twentieth century, none existed before 1900.
False
Aptitude is the ability to evaluate your strengths and weaknesses.
False
Entrepreneurial businesses include retailing businesses, such as clothing and furniture stores, but do not include service businesses.
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
Your financial and non-financial goals can be unrealistic because you will be able to change them after you start your business.
False
During the colonial years in America, entrepreneurs were
bankers
Entrepreneurs try to meet the needs of the marketplace by supplying a service or product.
True
An advantage of entrepreneurship is that business owners make all the decisions themselves.
False
Entrepreneurs and employees are both directly affected by the consequences of the decisions they make.
False
It is not necessary to determine how much money ot will take to start a business because you will be able to borrow the money you need.
False
Many companies display their products at the Small Business Administration (SBA).
False
Most businesses begin operations by borrowing money and usually pay these debts in ten years.
False
Small companies cannot take as many risks as large companies, so small companies are less likely to be innovative.
False
First entrepreneur to provide paid sick and vacation leave?
Rose Knox
Manufacturing businesses produce the products they sell.
True