Pretest

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 is one way for an entrepreneur to decrease risk?

Revolt · Accepted Answer

by creating a strong business strategy

Question 3

What is a main reason why entrepreneurs experience daily stress?

Revolt · Accepted Answer

They have considerable responsibility.

Question 4

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

Revolt · Accepted Answer

to have a useful tool when applying for funding

Question 5

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

Revolt · Accepted Answer

responsible for organizing the business.

Question 6

A new business should be based on an entrepreneur's individual interests because the entrepreneur must

Revolt · Accepted Answer

dedicate as many hours as needed to the work.

Question 7

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 8

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

Revolt · Accepted Answer

a flexible working environment.

Question 9

What must an entrepreneur assume when starting a business?

Revolt · Accepted Answer

that clever market strategies may still fail to sell a product

Pretest Answers