One of the most significant economic developments in recent business history relates to the
Small Business Management S1 Final Exam Review

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Robyn Sanders
Used 3+ times
FREE Resource
58 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
growth of blue-chip corporations
development of Pacific Rim countries
entrepreneurial spirit
additional employment opportunities offered by government institutions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The profile of an entrepreneur includes
a desire for responsibility and moderate risk
confidence in the ability to succeed and determination
a high level of energy, a desire for immediate feedback and a future orientation
All the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An entrepreneur is one who
is willing to attempt to implement a business concept and then give up if it does not meet immediate expectations
understands the process of developing an idea and does not need to understand what it means to bring that idea to a viable business concept
knows that the concept they are about to develop will result in a profitable business
creates a new business concept for the purpose of achieving profit and growth by assembling the necessary resources to capitalize on identified opportunities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are characteristics of the typical entrepreneur except
confidence in his/her ability to succeed
value of money over achievement
desire for immediate feedback
a future orientation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs who repeatedly start businesses and grow to a sustainable size before striking out again are known as entrepreneurs.
opportunistic
persistent
serial
classic
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs typically possess
the ability to easily access capital
a set of unique skills that is usually accompanied by advanced degrees in several areas
a high level of commitment, have a tolerance for ambiguity, are flexible and tenacious
specialized technical abilities
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following is a benefit of entrepreneurship?
The opportunity to gain control over your own destiny.
The opportunity to reach your full potential.
The opportunity to do what you enjoy.
All of the above
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