An entrepreneur is a person with an idea for a ________or _________. They decide to start a ________, which brings this idea to life.
product, service, business
Which of the following is not a characteristic of an entrepreneur?
Willingness to experiment
Millions of dollars
Curiosity
Adaptability
How many employees can a business have to be considered a small business?
1501-2000
1-500
1001-1500
501-1000
What percentage of the American job market is made up of small businesses?
25%
99.7%
50%
10%
since 1990, big businesses have eliminated 4 million jobs and small businesses have added 8 million jobs.
False
True
which phase of the entrepreneurial process you would be in: You’ve purchase new equipment to reduce the number of manual tasks you and your employee(s) have to do
grow it
manage it
dream it
create it
which phase of the entrepreneurial process you would be in: You’ve started to work on your idea in your free time after work/school
manage it
create it
grow it
dream it
which phase of the entrepreneurial process you would be in: You’re talking with your friends about an idea that you have
grow it
create it
dream it
manage it
which phase of the entrepreneurial process you would be in: You’ve hired an employee to help with an increasing workload
manage it
dream it
create it
grow it
What is an example of entrepreneurship?
Starting a new business
Working for a large corporation
Investing in the stock market
Saving money in a bank account
Kacey started a new business and has rapidly expanded since gaining the support of outside investors. What type of entrepreneurship is this?
Scalable startup
Large company/intrapreneurship
Small business
Social entrepreneurship
What is one way entrepreneurship impacts the economy?
By increasing government spending
By promoting international trade
By creating jobs
By reducing taxes
