R067 Topic 1 - Characteristics, risk and rewards of enterprise

What is an entrepreneur?

• Someone who works in a business
• Someone who bears the risk of pursuing a business idea
• Someone who calculates profit or loss
• Someone who is rich

Risk taker is a common characteristic of entrepreneurs

• True
• False

Which of these is a useful characteristic for an entrepreneur to have

• Untidy
• Disorganised
• Determination
• Shy

Communication is an important skill for entrepreneurs to have

• True
• False

Turning an idea into a business is the process of

• Enterprise
• Finance
• Operations
• Marketing

Being confident is not a useful characteristic for an entrepreneur

• True
• False

Self-satisfaction is a potential ? of being an entrepreneur

• Risk
• Reward

Being able to control your own hours of work is an example of entrepreneur having

• Financial
• Independence
• Self-satisfaction
• Making a difference or change

Creating a product which solves a problem is an example of an entrepreneur getting which reward

• Financial
• Independence
• Self-satisfaction
• Making a difference or change

Keeping profit from a business is what type of reward

• Financial
• Independence
• Self-satisfaction
• Making a difference or change