3.00 - Test Review Question Preview (ID: 18085)


Test Review For 3.00. TEACHERS: click here for quick copy question ID numbers.

Which personal characteristic of successful entrepreneurs reflects that entrepreneurs work until the job is done?
a) Creative
b) Inquisitive
c) Persistent
d) Self-Confident

Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs are constantly looking for new ways to solve problems?
a) Creative
b) Persistent
c) Responsible
d) Self-Confident

Which personal characteristic of a successful entrepreneurs reflects that successful entrepreneurs are accountable for their actions?
a) Creative
b) Inquisitive
c) Persistent
d) Responsible

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) Actualization
b) Concept Development
c) Discovery
d) Resourcing

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) Actualization
b) Concept Development
c) Discovery
d) Harvesting

What is an example of an activity for a business person who is entering the harvesting stage of entrepreneurship?
a) Considering opening a second store
b) Gathering market research data about the product
c) Having a grand opening for the business
d) Seeking financial assistance from the Small Business Administration

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) Creative
b) Inquisitive
c) Persistent
d) Responsible.

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) Goal-oriented
b) Independent
c) Risk-Takers
d) Self-Confident

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) Discovery
b) Concept Development
c) Resourcing
d) Actualization

What is an example of an activity that is performed during the harvesting phase of the entrepreneurial process?
a) Complete an application for a SBA Loan
b) Conduct a survey of potential customers
c) Create a five-year plan for the business
d) Decide to locate the business in Charlotte

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