Entrepreneurship Final Review 1

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Which is NOT a common characteristic of an entrepreneur?

• risk-taker
• creative
• organized
• irresponsible

An entrepreneur is someone who works for themselves.

• True
• False

Most entrepreneurs work long hours, but they create their own schedule.

• True
• False

ALL entrepreneurs have a college degree.

• True
• False

Entrepreneurs have to find their own health insurance and plan for retirement.

• True

• False

Entrepreneurs do not pay taxes to the IRS.

• True

• False

Which is a common characteristic of an entrepreneur?

• organized

• vindictive

• impressionable

• irresponsible

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

• business
• critical thinking
• entrepreneurship
• risk management

Who created Facebook?

• Mark Zuckerberg
• Elon Musk
• JK Rowling
• Walt Disney