False You’re right! 217 times. Change agent for government C. Change agent for society D. Change agent for nation Q9. 6. When an entrepreneur considers whether or not something is ethical or not both actions and results of these actions need to be considered. False. Scheduled maintenance: Saturday, December 12 from 3–4 PM PST. Gets to act as his own boss. The idea solves a unique need or want in the market that a group of customers is willing to buy. Oh no! 9) Which of the following best describes an entrepreneur? Inventrepreneur: A type of entrepreneur who seeks to market or produce an invention of his or her own creation. Name 4 disadvantages of entrepreneurship. What is the definition of an entrepreneur? ___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market. Risk, irregular income, long hours, and independent decision. True. What are some common traits good entrepreneurs have? Which of the following is NOT necessarily a characteristic of successful entrepreneurs? )Which of the following is NOT necessarily a characteristic of successful entrepreneurs? They develop and refine a solution. Social entrepreneur acts as the – A. I was a former senior manager at KPMG and since 1994 the owner of the Marks Group PC, a … What is the main difference between a personal characteristic and a skill? Life Skills. You have control over where and when you work. When the entrepreneur seeks to limit risk, the reward tends to increase. Has ownership in the business. When starting a business, entrepreneurs face the risk that the business may NOT be successful. Which of the following is NOT a true statement about business plans? 10.) Entrepreneurs aren't exposed to any risk when starting a new business. What is the main difference between a personal characteristic and a skill? Which of the following is NOT a true statement about business plans? Which of the following is NOT true about an entrepreneur? Solution; They are a type of capital resource such as air filtration systems in buildings that renew and refresh polluted air from the outside. Turn key point 3. Marketing strategies should be designed to appeal to these potential customers. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas. A __________________ is an overthrow of your business goals and includes details on how you think your going to achieve them. b) An entrepreneur does not have a say over what goods and services his company produces. Which of the following is a risk of being an entrepreneur? Which of the following is NOT true about an entrepreneur? An entrepreneur is someone who creates a business and potentially makes money and runs the business. 7.) By Mayra Jimenez, Co-founder, Orchid Boutique @mayra_j. __________________ are the operating expenses that a business must pay regardless of how many sales are made. Question Options: Delegate The Risk To Start A Company. The problem is all the media hype. Which of the following should you NOT do when collecting and evaluating data on your market? D. First, there’s the persistent entrepreneurial … 6.) The entrepreneur might not be the ideator, but he or she is definitely the one that decides to make that idea a reality. b. Why is it important to use the information gathered from your market research on your target market segment to build your marketing plan? True b. . An entrepreneur gets to act as his own boss. The purpose of starting a business is to satisfy customers. I am not an entrepreneur. Minority interest ENTREPRENEURSHIP (MGT 602) From chapter No 13 to 22 Assignment No. Therefore anyone can be an entrepreneur and start a business by having the following … It looks like your browser needs an update. a. Once an innovator recognizes a need and makes up their mind … Which of the following is an advantage of starting your own business? What role do entrepreneurs play in economics? To be _______________________ means to think or act like an entrepreneur. Entrepreneurship is the creation or extraction of value. A____________________ is a chance of losing something. It is unlikely that you’d decide to set up a new company to make cars. Salary is evaluated based on his/her ability to complete the tasks assigned to him/her. mburkhamer22wm mburkhamer22wm Entrepreneur is a a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. b. With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones. It is not very valuable when compared with the final plan itself. Which of the following is NOT considered a risk of being an entrepreneur? Entrepreneurs are willing to take risk. A) a person who earns a lot of money as a singer or dancer B) a person who works as a highly paid computer programmer C) a person who creates a game and sells it to a game manufacturer D) a person who starts an all-organic cleaning supplies business that employs others 7. Entrepreneurs create the businesses that produce products and services that meet the wants and needs of consumers. If there’s no real business or risk, you’re not an entrepreneur. Change agent for poor people B. All successful entrepreneurs, Rye says, … An entrepreneur is responsible for the success of their business. (Easy) Section 2.3: The Importance of Small Business to the U.S. Economy True/False 15. Which of the following is true about American entrepreneurs? An entrepreneur has ownership in the business. Select A Product Or Service That Will Be Sustainable. Which word best describes this characteristic? Which of the following is NOT true about an entrepreneur? answer choices . Select one: A. What role do entrepreneurs play in economics? Inventreprenuers can exist in any … Which of the following is true of an entrepreneur? True No, think about the nature of what it is to be an entrepreneur. B. d. An entrepreneur is responsible for the success of their business 8.) Solution; all of the above. Which of the following is NOT true about an entrepreneur? (True; Easy) 16. Indicate whether the following statements are true or false: An entrepreneur is employed by others to manage their company. The process of social entrepreneurship consists of FIVE (5) parts, which of the following is NOT TRUE? Caution c. Drive d. Optimism 10. Skills can be learned while characteristics are inherent qualities. independent: Being an entrepreneur involves risks as well as rewards. zerokai32p72y00 is waiting for your help. In my opinion, when people ask you what you do, you can say that you’re an entrepreneur, but as long as an employer is paying your bills that’s not entirely true. An entrepreneur gets to act as his own boss.