Entrepreneurship

^{What is entrepreneurship?}

• working with others to make create a business.
• the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
• a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
• coming up with ideas to start a business.

_{Which is a characteristic of a entrepreneur?}

• stubborn
• opinionated
• motivitional
• indecisive

_{Common reasons for entrepreneurial failure include all but which one of the following?}

• poor
  impleme-
  ntation
• adequate financial support
• faulty product 
  desgin
• lack of capital

_{Bankers say that most business fail because _____ inability to plan properly.}

• investors 
• marketers 
• entrepreneurs 
• consultants

_{The entrepreneur should have a good idea of who the customer or target market will be.}

• true 
• false

_{The most important characteristic of a successful business website is}

• speed
• innovation
• products
• graphics

_{What is the most common reason given for why people choose to become entrepreneurs?}

• to make a lot of money
• to be their own boss
• to be able to retire early
• to escape the long hours associated with corporate jobs

_{In the United States, approximately one-third of new firms fail within their first four years.}

• false
• true

_{The belief that successful entrepreneurship needs only a great idea is a misconception about entrepreneurship.} 

• ture
• false

Which of the following is a reward of entrepreneurship? 

• relying on
  cash flow
• estimating popular cash
• flexibility
  and power
• donating personal time