A prospective entrepreneur is evaluating the suitability of his own

A prospective entrepreneur is evaluating the

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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?
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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
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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
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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.
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a reluctant entrepreneur.
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