Entrepreneurship - Chapter 1.1-1.2

Front

An example of a service business would be: Rouses Supermarket, Raising Cane's, Reebok Outlet, Renni's Truck Towing

Back

Renni's Truck Towing

Front

Nearly all businesses in the U.S. are small businesses.

Back

true

Front

The people who own, operate and take the risk of a business venture are the __________.

Back

entrepreneurs

Front

All of the following characteristics would be helpful in being an entrepreneur EXCEPT: determined, creative, indecisive, goal-oriented

Back

indecisive

Front

The ability to learn a specific job is known as ________.

Back

aptitude

Front

What is the difference between a retail business and a wholesale business?

Back

Retail businesses sell to the public.

Front

Which idea would be considered an agricultural business? Options: a dance app, a computerized watering system for crops, a robot used to assemble lawn mowers, a delivery service for groceries

Back

a computerized watering system for crops

Front

About half of all small businesses will fail within _______ year(s).

Back

5 years

Front

Which of the following is a TRUE statement regarding entrepreneurship?
you can be creative with your business,
you are able to leave early and let your employees do all of the work,
you will not have to pay income taxes,
you are not taking much of a risk

Back

you can be creative with your business

Front

There have been very few entrepreneurs to truly change America until recently.

Back

false