Entrepreneurship

Question 1

What is a main reason why entrepreneurs experience daily stress?

Revolt · Accepted Answer

They have considerable responsibility.

Question 2

What is one way for an entrepreneur to decrease risk?

Revolt · Accepted Answer

by creating a strong business strategy

Question 3

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

Revolt · Accepted Answer

financial risk.

Question 4

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 5

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

Question 6

An entrepreneur would most likely be a

Revolt · Accepted Answer

person who works well alone.

Question 7

What must an entrepreneur assume when starting a business?

Revolt · Accepted Answer

that clever market strategies may still fail to sell a product

Question 8

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 9

Read the graph.

Revolt · Accepted Answer

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

Question 10

What was the main effect of entrepreneurship in China?

Revolt · Accepted Answer

Poverty noticeably declined.

Entrepreneurship Answers