Entrepreneurship — Unit test

Question 1

What led to Henry Ford’s success as an entrepreneur?

Revolt · Accepted Answer

His innovative production methods.

Question 2

Read the graph.

Revolt · Accepted Answer

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

Question 3

goalproblemloss

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goal

Question 4

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

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responsible for organizing the business.

Question 5

What is one way for an entrepreneur to decrease risk?

Revolt · Accepted Answer

by creating a strong business strategy

Question 6

What must an entrepreneur assume when starting a business?

Revolt · Accepted Answer

that clever market strategies may still fail to sell a product

Question 7

What was the main effect of entrepreneurship in China?

Revolt · Accepted Answer

Poverty noticeably declined.

Question 8

An entrepreneur would most likely be a

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person who works well alone.

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.

Entrepreneurship — Unit test Answers