1. An entrepreneur who thrives on uncertainty displays.
(a) high tolerance for ambiguity
(b) internal locus of control
(c) need for achievement
(d) action orientation

2. is a personality characteristic common among entrepreneurs.
(a) External locus of control
(b) Inflexibility
(c) Self-confidence
(d) Low self-reliance

3. When a new business is quick to capture a market niche before competitors, this is.
(a) intrapreneurship
(b) an initial public offering
(c) succession planning
(d) first-mover advantage

4. Almost % of U.S. businesses meet the definition of “small business.”
(a) 40 

(b) 99
(c) 75 

(d) 81