Entrepreneur Chapter Two Test One

The slowest growing sector of all U.S. businesses is women-owned businesses.

False

A situation that occurs when businesses have founders or owners who are passionate about two of the key business functions, such as sales, operations, accounting, finance, or human resource as expert business professionalization.

False

Which of the following is a major economic force , employing 58% of America's total workforce?

Family Businesses

Which of the following kinds of planners generally tend to do very poorly in business, even if they do manage to get their firm started?

Habit-based planners

Which of the following is best thought of as a type of learned optimism in successful entrepreneurship.

Perseverance

A ______ focuses refers to an entrepreneur's attention to minimizing losses, with a bias towards protective action to avert loss.

Prevention

Habit based planners don't plan, and they don't even tend to react to changes in their environment.

True

One of the major challenges identified for family businesses is role conflict.

True

One of the major issues identified for late career entrepreneurs is keeping personal finance out of business.

True