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3.00 - Test Review
Test Description: Test Review for 3.00
Instructions: Answer all questions to get your test result.
1) Which personal characteristic of successful entrepreneurs reflects that entrepreneurs work until the job is done?
A
Persistent
B
Inquisitive
C
Self-Confident
D
Creative
2) Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs are constantly looking for new ways to solve problems?
A
Creative
B
Self-Confident
C
Persistent
D
Responsible
3) Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs are accountable for their actions?
A
Persistent
B
Creative
C
Responsible
D
Inquisitive
4) Jonathan is interested in starting a lawn mowing business. He has been acquiring the money needed to start his business. Jonathan is in what stage of the entrepreneurial process?
A
Resourcing
B
Discovery
C
Concept Development
D
Actualization
5) Emma and Ivy are considering beginning a jewelry-making business. They have been collecting, reviewing, and interpreting the surveys they distributed last week about their business idea. Emma and Ivy are in what stage of the entrepreneuria process?
A
Concept Development
B
Actualization
C
Discovery
D
Harvesting
6) What is an example of an activity for a business person who is entering the harvesting stage of entrepreneurship?
A
Seeking financial assistance from the Small Business Administration
B
Gathering market research data about the product
C
Considering opening a second store
D
Having a grand opening for the business
7) Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs are curious about things that may affect their business and are not afraid to ask questions?
A
Responsible.
B
Inquisitive
C
Persistent
D
Creative
8) Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs develop a plan of action and make decisions to help achieve that plan?
A
Independent
B
Self-Confident
C
Goal-oriented
D
Risk-Takers
9) Preparing a business plan for a new business, renting a building for the new store, and copyrighting the website for the new business are all classified as which stage of entrepreneurial process?
A
Concept Development
B
Discovery
C
Resourcing
D
Actualization
10) What is an example of an activity that is performed during the harvesting phase of the entrepreneurial process?
A
Decide to locate the business in Charlotte
B
Complete an application for a SBA Loan
C
Conduct a survey of potential customers
D
Create a five-year plan for the business
*select an answer for all questions
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