6 - 6 Student: _ 1. Entrepreneurship involves accepting the...

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6 Student: _______________________________________________________________________________________ True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 1. Entrepreneurship involves accepting the risk of starting and running a business. 2. Entrepreneurship is another name for management. 3. Entrepreneurs are less important now than in the past to the U.S. economy. 4. People who are 16 to 34 years old are not attracted to starting their own business. 5. While entrepreneurs frequently earn significant profits for themselves, their impact on society is quite small. 6. Many business started by entrepreneurs have grown into major corporations employing thousands of workers. 7. Entrepreneurs are motivated by the desire to earn a profit. 8. Entrepreneurs take calculated risks. 9. Most entrepreneurs prefer working for someone else. 10. Most entrepreneurs are more interested in personal achievement than in power. 11. If you have managerial skills and leadership ability, you also posses the personality to be an entrepreneur. 12. Because of the stress of being in business for yourself, it's important that entrepreneurs have people around them to help replenish their enthusiasm. 13. Successful entrepreneurs rely on others for direction and support. 14. Successful entrepreneurs accept the risk of failure. 15. Entrepreneurs avoid risk and place a high priority on security. 16. It is important for an entrepreneur to be highly energetic. 17. Most entrepreneurs get the ideas for their products and services from a flash of inspiration. 18. Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are. 19. An entrepreneurial team is a group of experienced managers who share the same skills and abilities. 20. Entrepreneurial teams combine the creative marketing and production ideas of a group of experienced people. 21. Successful entrepreneurs often make use of professional managers to introduce new ideas. 22. Micropreneurs is a term used to describe entrepreneurs who focus on the continued growth of their businesses. 23. The most important difference between entrepreneurs and micropreneurs is the focus placed by micropreneurs on balancing the demands of work and family. 24. The primary concern of micropreneurs is to balance the risk of starting your own business with the desire to build a powerful organization earning significant profits.
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True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 25. Many micropreneurs are home-based business owners. 26. Micropreneurs are motivated by a desire to have both a satisfying family life and rewarding work.
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This note was uploaded on 10/17/2011 for the course BUS BUS300 taught by Professor Na during the Spring '11 term at American River.

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6 - 6 Student: _ 1. Entrepreneurship involves accepting the...

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