Introduction to Entrepreneurship

Entrepreneurship is the ability to identify business opportunity

• TRUE

• FALSE

Being an entrepreneur can pursue own ideas.

• TRUE

• FALSE

An entrepreneur must have self confidence

• TRUE

• FALSE

Entrepreneurship involves taking risks to create a new business. Which of the following is a key characteristic of an entrepreneur?

• Risk aversion

• Risk taking

• Indifference to risk

• Risk ignorance

Which of the following is NOT a common trait of successful entrepreneurs?

• Innovative thinking

• Procrastination

• Resilience

• Vision

What is the primary goal of entrepreneurship?

• To avoid competition

• To create value and wealth

• To maintain the status quo

• To follow trends

Which of the following best describes a 'startup'?

• A large, established company

• A new business venture

• A non-profit organization

• A government agency

Which of the following is a benefit of entrepreneurship to society?

• Increased unemployment

• Economic growth

• Decreased innovation

• Reduced competition

What is a 'business plan'?

• A document outlining a business's goals and strategies

• A legal requirement for all businesses

• A financial statement

• A marketing campaign

Which of the following is an example of a successful entrepreneur?

• Albert Einstein

• Steve Jobs

• Isaac Newton

• Marie Curie