Entrepreneurship

Question 1

What must an entrepreneur do after creating a business plan?

Revolt · Accepted Answer

finance the business

Question 2

How are Bill Gates and Henry Ford similar? Check all that apply.

Question 3

What must an entrepreneur assume when starting a business?

Revolt · Accepted Answer

that clever market strategies may still fail to sell a product

Question 4

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

Revolt · Accepted Answer

financial risk.

Question 5

What was the main effect of entrepreneurship in China?

Revolt · Accepted Answer

Poverty noticeably declined.

Question 6

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 7

An entrepreneur would most likely be a

Revolt · Accepted Answer

person who works well alone.

Question 8

What is a main reason why entrepreneurs experience daily stress?

Revolt · Accepted Answer

They have considerable responsibility.

Question 9

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 10

Read the graph.

Revolt · Accepted Answer

Fewer new businesses were started in 2010 than in other years.

Entrepreneurship Answers