1.Louisa moved to Georgia and opened a laundromat. Which word best describes Louisa?
Responses
Tourist
Entrepreneur
Multicultural
Politician
the answer is Entrepreneur
2.Which statement best describes the role of entrepreneurs in starting and organizing a business?
Responses
Entrepreneurs typically avoid financial risks when launching their businesses.
Entrepreneurs prioritize following conventional business practices over innovation.
Entrepreneurs play a vital role in addressing community needs and creating job opportunities. - correct
Entrepreneurs primarily rely on government subsidies to sustain their business ventures.
The answer is Entrepreneurs play a vital role in addressing community needs and creating job opportunities.
3.Why is entrepreneurship considered risky?
Responses
Entrepreneurs often risk their own time and money investments in creating a new business - correct
Entrepreneurship guarantees profit
Entrepreneurs never have to invest their own time or effort.
The government does not encourage entrepreneurship because it does not benefit the economy.
The answer is Entrepreneurs often risk their own time and money investments in creating a new business.
4.What is the motivating factor for entrepreneurs?
Responses
Profit - correct
Risk
Expenses
Time
The answer is Profit
5.Which skill is most important for entrepreneurs to possess?
Responses
Creativity - correct
Following instructions
Avoiding risks
Conformity
The answer is Creativity.