Question

directions: please match the correct letter for each definition below.

1. people who are hired to work for someone else
2. an evaluation of your strengths and weaknesses
3. a creative problem - solving technique that involves generating a large number of fresh ideas
4. special meetings at which companies of the same industry or related industries display their products
5. people who own, operate, and take the risk of a business venture
6. thoughts or concepts that come from creative thinking
7. the ability to learn a particular kind of job
8. the process of running a business of one’s own

direction: circle the best answer for each question below.

1. barbara wall had a great recipe for sweet bell pepper sauce. her friend leonard wilson told her that they should go into business together and sell the sauce. they now ship the sauce to stores in 35 states. wall and wilson are examples of

a. intrapreneurs
b. entrepreneurs
c. employees
d. managers

1. which of the following is not an example of an entrepreneur?

a. diane molberg started by request, a successful home bakery business.
b. donna cook started a cleaning service ten years ago.
c. gene morgan manages the secret garden, a business owned by her.
d. elmer olsen created bayfield apple jam and distributes the jam nationally.

1. team members who have the right set of skills needed to get the job

Explanation:

1. People hired to work for others are employees.
2. An evaluation of strengths and weaknesses is self - assessment.
3. Generating many fresh ideas is brainstorming.
4. Meetings for product display are trade shows.
5. People who own, operate and take business risks are entrepreneurs.
6. Thoughts from creative thinking are ideas.
7. Ability to learn a job is aptitude.
8. Running one's own business is entrepreneurship.
9. Barbara Wall and Leonard Wilson are entrepreneurs as they start and run a business together.
10. Elmer Olsen who just has skills to get a job is not an entrepreneur. The others started or manage their own businesses.

Answer:

1. C. employees
2. I. self - assessment
3. B. brainstorming
4. J. trade shows
5. D. entrepreneurs
6. F. ideas
7. A. aptitude
8. E. entrepreneurship
9. b. entrepreneurs
10. d. Elmer Olsen