Question: An entrepreneur:

Answer: accepts the risk of starting and running a business.

Question: Effective planning can help a business avoid costly mistakes.

Answer: True

Question: Delegation leads to unhappier employees.

Answer: False

Question: Jada is opening her own bakery. Jada is an example of a(n) ________.

Answer: entrepreneur

Question: Decision making involves assessing the results of a solution.

Answer: True

Question: Saul is the CEO of Summertime, Inc. He uses the resources of the firm to expand and

diversify into winter sports areas. Saul would be classified as a(n) ________

Answer: manager

Question: The corporate culture of an organization is generally shaped by employees rather than

managers.

Answer: False

Question: What makes entrepreneurs unique is their overwhelming desire to ________.

Answer: make their business grow

Question: Experts agree that the democratic leadership style is the best style to use.

Answer: False

Question: Entrepreneurs and small-business owners both have all of the following qualities

EXCEPT:

Answer: growth of their company