EPP 5 - Quiz #1 ''Entrepreneurship''

Is an individual

who creates a new business, bearing

most of the risks and enjoying most

of the rewards.

• A priest

• A janitor

• Entrepreneur

• A Security Guard

Knowing your worth and trusting that

others will recognize the value of your

service.

In his book The Road Less

Traveled says that “without discipline,

we can solve nothing. ”

• Scott Peck

• Alexsys Thompson

• Laura Calandrella

• Timothy Yen

Is someone who uses

their creative or

intellectual knowledge

and skills to earn a living.

• Self Starters

• competetive

• determined

• creative entrepreneur

A__________

business is one that

performs better than

the competition.

• creative

• successful

• Competitive

• Passion

There is no such thing as 100% guarantee of success in business

• TRUE

• FALSE

Asking questions of what other people have experienced in their business is not a great way to learn and get ideas.

• TRUE

• FALSE

Two (2) things every business must meet in relation to its customers

• prices

• needs

• products

• wants

Identify the needs of this scenario:

John and his family are among many who have lost their homes. They need a safe place to stay, along with basic supplies like blankets, clothing, and hygiene kits.

Jessica is attracted to the idea of a___________—designer clothes, a penthouse in the city, and exotic vacations.

• simple lifestyle

• Luxurious Lifestyle