Entrepreneurship

Question 1

Which of the following are wise entrepreneurial decisions or concepts? Check all of the boxes that apply.

Revolt · Accepted Answer

writing a comprehensive business plan; researching competition for a business idea; pursuing various funding options; dreaming of starting a business

Question 2

Which of the following actions should one take when establishing a business? Check all of the boxes that apply.

Revolt · Accepted Answer

be as thrifty as possible; plan for the unexpected; keep lines of communication open with customers; gauge how business is progressing

Question 3

How do entrepreneurs currently use computers? Check all of the boxes that apply.

Revolt · Accepted Answer

to create and submit invoices automatically; to communicate with employees via instant messaging; to advertise on social networking sites; to serve customers around the world; to collaborate with virtual team members

Question 4

Use the drop-down menus to identify the differences between entrepreneurs and employees.✔ EntrepreneursEmployees own businesses.

Revolt · Accepted Answer

✔ Entrepreneurs; own businesses.: Entrepreneurs; make their own decisions on the job.: Entrepreneurs; are usually offered health and retirement benefits.: Employees; complete tasks using the skills they were hired to use.: Employees; pay for office space and supplies.: Entrepreneurs

Question 5

Question 6

Revolt · Accepted Answer

own businesses.: Entrepreneurs; make their own decisions on the job.: Entrepreneurs; are usually offered health and retirement benefits.: Employees; complete tasks using the skills they were hired to use.: Employees; pay for office space and supplies.: Entrepreneurs

Question 6

✔ EntrepreneursEmployees make their own decisions on the job.

Revolt · Accepted Answer

✔ Entrepreneurs

Question 7

Entrepreneurs✔ Employees are usually offered health and retirement benefits.

Revolt · Accepted Answer

✔ Employees

Question 8

X Entrepreneurs✔ Employees complete tasks using the skills they were hired to use.

Revolt · Accepted Answer

✔ Employees

Question 9

✔ EntrepreneursEmployees pay for office space and supplies.

Revolt · Accepted Answer

✔ Entrepreneurs

Question 10

Identify actions to take when establishing a business. Check all of the boxes that apply.

Revolt · Accepted Answer

Be as thrifty as possible.; Keep lines of communication open.; Predict how business is progressing.; Write a solid business plan.; Plan for the unexpected.

Entrepreneurship Answers

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