Unit 1 - "Review" Revision

Why do people decide to become entrepreneurs?

• Dislike where they are working now or what they are doing

• Like where they are working now or what they are doing

• Do not want to be independent

• Need for independence

What are entrepreneurial traits?

• Passion

• Lack of control

• Dishonesty

• Risk-taking

Aptitude can be natural or_____

• lost

• misplaced

• used up

• acquired

True or False:

In Unit 1, you learned how to write a SMART goal.

• True

• False

Complete the sentence:

As an entrepreneur, _ interests are what drive you to choose a business venture.

• Public

• Private

• Personal

Complete the sentence:

If you do the right thing, then you make a _ choice.

• Unethical

• Ethical

• Neither

Complete the sentence:

The most common form of business ownership is a _ .

• Partnership

• Corporation

• Sole proprietorship

Complete the sentence:

How a business handles money is known as a _ risk.

• operational

• strategic

• financial

Complete the sentence:

A nonprofit organization that helps entrepreneurs is the _ .

• the Chamber of Commerce

• SCORE

• SBDC

Complete the sentence:

People with _ incomes usually pay lower taxes.

• steady

• higher

• lower