Question

1. Who among the following individuals does NOT display traits characteristic of entrepreneurs?

a. A confident person with an internal locus of control

b. A person with vision and a high-energy level

c. A person who takes no chances and values a stable income

d. A person who seeks ways to use uncertainty as an advantage

2. Which of the following is NOT a characteristic of successful entrepreneurs?

	a.	Tolerance of failure
	b.	Risk aversion
	c.	Self-reliance
	d.	Energy

3. The _____ is an agency of the federal government designed to maintain and strengthen the nation's economy by aiding, counseling, assisting, and protecting the interests of small businesses.

	a.	Small Business Administration
	b.	Small Business Office
	c.	Small Business Agency
	d.	Small Business Bureau

4. Securing capital for your company with your own money first, loans second, and equity third, allows you to maintain as much ownership and control of your company as possible.

True

False

5. Which of the following is an advantage of obtaining a SBA loan?

	a.	The SBA may back up a loan for small business and reduce the risk for a financial institution that would lend the money.
	b.	The SBA will back up a small business loan 100% reducing all risks for a financial institution.
	c.	The SBA will lend money directly to the small businesses.
	d.	The SBA will back up a loan without a lot of supporting documentation.

Answer 1

1. A person who will take no chance and like stability in Income is not willing to be an entrepreneur because he does not like uncertainty.

Rest of the options are demonstrating the characteristics of entrepreneur.

Correct answer would be option (C).

2. Risk aversion is is not a feature of successful entrepreneur because entrepreneurs will always be liking risk.

Correct answer would be option (B) risk aversion

3. A small business administration is an agency which will help in maintaining and protecting the interest of small businesses.

Correct answer would be option (A) small business administration.

4. Given statement is TRUE because this method is always be intending to keep the equity share holding interest, as equity is being offered at last.