Entrepreneurship Unit Assessment

An entrepreneur

• works for someone else
• must employ more than five employees
• is responsible for his or her business success
• must take college level courses

Entrepreneurs have a great need for

• personal freedom
• taking risks
• making a lot of money
• all the above

Which of the following is a reward of being an entrepreneur?

• making your own hours
• acting on your own decisions
• doing work you enjoy
• all the above

________ is the chance of losing something

• Risk
• Reward
• engine
• business

The Small Business Administration defines a small, non-manufacturing business as having fewer than ________ employees

• 25
• 50
• 100
• 200

The ability to perform a specific kind of task after practice is referred to as having

• an aptitude
• a skill
• an attitude
• self-esteem

Which of the following is not generally a personal characteristic of a successful entrepreneur?

• courage
• cautiousness
• creativity
• curiosity

What percentage of business owners used money of their own, or from their families, to start or buy a business?

• less than 20 %
• between 20% and 40%
• between 40% and 60%
• more than 60 %

Which of the following would not be provided by a mentor?

• guidance
• tutoring
• financial security
• suggestions for achieving goals

One of the characteristics of a successful entrepreneur is ________, a commitment to being truthful and sincere with others.

• honesty
• bookkeeping
• computer skills
• creativity