Entrepreneurship Quiz

According to the definition, what does an entrepreneur do?

• Works as an employee in a large corporation

• Assumes all the risk and reward of a business venture

• Invests in stocks and bonds

• Manages a team in a multinational company

Which of the following is NOT listed as a common trait of an entrepreneur?

• Empathy

• Patience

• Pessimism

• Creativity

What is essential for an entrepreneur when starting, organizing, and managing any enterprise, especially a business?

• Considerable initiative and risk

• A large amount of capital

• A background in law

• A team of at least ten people

What is one of the "Pros" of starting your own business according to the learning material?

• Increased workload

• More responsibility

• Freedom from reporting to bosses

• Risking your savings

Which of the following is considered a "Con" of starting your own business?

• Flexibility in work

• Control over the direction of the company

• Carrying the weight of responsibility

• Increase in potential income

What can be an exciting yet exhausting aspect of starting your own business?

• Profits

• Freedom

• Workload

• Limitations

What is a limitation mentioned in the learning material for entrepreneurs in the early stages of their business?

• Having too much freedom

• Being able to work anywhere

• Lack of funding or a big name

• Having too much control over the business

What does the 'S' in SWOT Analysis stand for?

• Systems

• Solutions

• Strengths

• Services

Which of the following is an example of an internal factor in SWOT Analysis?

• Economic trends

• Human resources

• Market trends

• Political regulations

What are external factors in SWOT Analysis typically related to?

• Things within the company's control

• Things outside the company's control

• The company's financial resources

• The company's current processes