Question 17 A prospective entrepreneur is evaluating the suitability of his own characteristics for an entrepreneurial career. He realizes that he should be prepared to assume: Selected Answer:c. moderate risks.Answers: a. no risks--that is, he should plan to operate conservatively.b. psychological risks but not financial risks.c. moderate risks.d. risks similar to those a gambler assumes in Las Vegas. Question 18 Natalie enjoyed yarn crafts so she opened a yarn and craft store in her small town. Sales have been dismal; few people visit her store. What mistake did Natalie make?
Question 19 The entrepreneur personality thinks in terms of opportunities rather than skills. Question 20 Which of the following best fits the definition of a small business? Question 21
The universally accepted definition of the term small business is based on the number of people employed by the firm. Selected Answer:FalseAnswers: True False Question 22 By the time Jobs and Wozniak had moved out of the garage and into their first production facility, the business would have been labeled as a(n): Question 23 Good customer service can be provided by a business of any size but small entrepreneurial companies do it better. Question 24
Ben seems to have the Midas touch. He can recognize opportunity where others see only problems. His focus is on creating solutions for customers. Ben has a(n) _____________ personality. Question 25 Tatiana was laid off from her manufacturing job and in desperation launched a business providing transportation services for the non-drivers in her community. We would classify Tatiana as: Selected Answer:d. a reluctant entrepreneur.Answers: a. a social entrepreneur.b. a creative entrepreneur.c. a corporate refugee.d.
a reluctant entrepreneur.
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