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Entrepreneur: Unit 1

Unit 1 Review for Entrepreneurship

QuestionAnswer
What is a synonym for entrepreneur? Owner
What is true of entrepreneurial traits? Traits are personality characteristics
Use the scenario to determine the trait. Scenario: An entrepreneur was denied a loan that they were planning to use to increase manufacturing. Instead of applying for a new loan, they raised the money from stakeholders in their community. Persistent
Use the scenario to determine the behavior. Scenario: An entrepreneur was denied a loan that they were planning to use to increase manufacturing. Instead of applying for a new loan, they raised the money from stakeholders in their community. Living comfortably with failure
What is the relationship between successful entrepreneurs and risk? They assess risk and determine ways to reduce it
What are soft skills? Skills that support a workplace
Which hard skill is helpful for entrepreneurs in a variety of industries? Economics
What makes a skill transferable? It can be beneficial from one job to the next.
What hard skill most complements an entrepreneur in the field of accounting? Record keeping
Which term best describes ethics? Morals
A business sells food in a small town to families and travelers. Which term describes the people impacted by this business? Stakeholder
True or False:  Entrepreneurs are required to obtain a college degree in Entrepreneurship. False
What is the BEST example of an entrepreneur acting ethically toward their suppliers? Requiring safe working conditions
Why are entrepreneurial ethics important? The actions of one entrepreneur can have many impacts.
True or False: Ethical codes are one way to create a system of ethics in a workplace. True
Created by: user-1774101
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