ENTREPRENEURSHIP Final Exam Benchmark Study Guide

Front

The act of assuming the risk of organizing productive resources to produce goods and services.

Back

entrepreneurship

Front

Who created Facebook?

Back

Mark Zuckerberg

Front

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

Back

corporation

Front

What is an entrepreneur?

Back

A person who organizes and operates a business or businesses.

Front

Which is NOT a common characteristic of an entrepreneur? Options: risk-taker, creative, organized, irresponsible

Back

irresponsible

Front

An entrepreneur is someone who works for themselves.

Back

True

Front

Do most entrepreneurs work long hours and create their own schedule?

Back

True

Front

Do all entrepreneurs have a college degree?

Back

False

Front

How do many people become millionaires? Options: They save aggressively., They avoid debt., The invest their money., All of these

Back

They save aggressively, avoid debt, and invest their money.

Front

How do many people become millionaires? Options: They save aggressively., They avoid debt., The invest their money., All of these

Back

They save aggressively, avoid debt, and invest their money.