Entrepreneurship

Question 1

An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?

Revolt · Accepted Answer

an ability to learn from mistakes

Question 2

What was the main effect of entrepreneurship in China?

Revolt · Accepted Answer

Poverty noticeably declined.

Question 3

Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

Revolt · Accepted Answer

a flexible working environment.

Question 4

An entrepreneur is someone who

Revolt · Accepted Answer

starts and runs a business.

Question 5

An entrepreneur’s first business fails, but their second attempt at the business is succeeding. You can assume that

Revolt · Accepted Answer

they learned from their mistakes.

Question 6

What is one purpose of writing a business plan before entering the market?

Revolt · Accepted Answer

to show that the enterprise is realistically based

Question 7

Read the graph.

Revolt · Accepted Answer

A company offering physical therapy most likely has only an 80 percent chance of surviving for at least two years.

Question 8

An entrepreneur must accept being accountable for the failure of the company because the entrepreneur is

Revolt · Accepted Answer

responsible for organizing the business.

Entrepreneurship Answers