An entrepreneur would most likely be interested in:

A. job security.

B. financial gain.

C. personal fulfillment.

D. a flexible working environment.

Answer

An entrepreneur would most likely be interested in personal fulfillment.

An entrepreneur would most likely be interested in

Answer:  personal fulfillment.

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.

What must an entrepreneur do after creating a business plan?

Answer: finance the business

What was the main effect of entrepreneurship in China?

Answer: Poverty noticeably declined.

What is a main reason why entrepreneurs experience daily stress?

Answer: They have considerable responsibility.

An entrepreneur would most likely be a

Answer: person who works well alone.

An entrepreneur is someone who

Answer: starts and runs a business.

To be successful, an entrepreneur must be willing to invest money, considerable effort, and

Answer: Time.

What led to Henry Ford’s success as an entrepreneur?

Answer: His innovative production methods.

A new business should be based on an entrepreneur’s individual interests because the entrepreneur must

Answer: dedicate as many hours as needed to the work.

What is a main reason why entrepreneurs experience daily stress?

a. They have considerable responsibility.

b. They need to spend time training employees.

c. They need to have sufficient income to pay loans.

d. They have to contribute both to the market and society.

Answer: a. They have considerable responsibility.

What was the main effect of entrepreneurship in China?

a. Poverty noticeably declined.

b. Foreign investment declined.

c. New products were invented.

d. Product exports exceeded imports.

Answer: a. Poverty noticeably declined.

What is one way for an entrepreneur to decrease risk?

a. by mimicking popular products

b. by maintaining personal flexibility

c. by creating a strong business strategy

d. by developing reliable sources for materials

Answer: c. by creating a strong business strategy

An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?

a. a dedication to hard work

b. a willingness to admit failure

c. an ability to learn from mistakes

d. an assumption of responsibility

Answer: c. an ability to learn from mistakes

How are Bill Gates and Henry Ford similar? Check all that apply.

a. They both streamlined factory production.

b. They both became wealthy and successful.

c. They both helped better the lifestyles of others.

d. They both developed products that filled a human need or needs.

e. They both founded a company when they were very young.

Answer: b. They both became wealthy and successful.

c. They both helped better the lifestyles of others.

d. They both developed products that filled a human need or needs.

An entrepreneur is someone who

a. starts and runs a business.

b. is an employee of a business.

c. invents products for other businesses.

d. works for multiple developing businesses.

Answer: a. starts and runs a business.

A new business should be based on an entrepreneur’s individual interests because the entrepreneur must

a. have sufficient confidence to succeed.

b. be willing to take personal responsibility.

c. have enough determination to work alone.

d. dedicate as many hours as needed to the work.

Answer: d. dedicate as many hours as needed to the work.

An entrepreneur would most likely be interested in

a. job security.

b. financial gain.

c. personal fulfillment.

d. a flexible working environment.

Answer: c. personal fulfillment.

An entrepreneur’s first business fails, but their second attempt at the business is succeeding. You can assume that

a. they learned from their mistakes.

b. they are willing to take fewer risks.

c. their products or services were unneeded.

d. they were unwilling to take financial responsibility.

Answer: a. they learned from their mistakes.

Successfully starting and running a business requires drive, talent, and clear vision of a long-range

a. goal

b. problem

c. loss.

Answer: a. goal