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MGMT 3000 GUHDE EXAM 2 QUESTIONS AND ANSWERS UPDATE
Question 1: What are the four components of
entrepreneurship?
CORRECT ANSWER: 1. Process of initiating a
business venture, 2. Organizing the necessary resources,
3. Assuming the associated risks, 4. Enjoying the rewards
Question 2: How many employees do most small
businesses have?
CORRECT ANSWER: None
Question 3: What are the five types of small business
owners?
CORRECT ANSWER: 1. Idealists, 2. Optimizers, 3.
Hard workers, 4. Jugglers, 5. Sustainers
Question 4: Who are idealists in the context of small
business owners?
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