Prelim Quiz on Entrepreneurship

Which of the following is NOT a key trait of a successful entrepreneur?

• Creativity

• Risk-aversion

• Passion

• Resilience

What is the process of creating, developing, and managing a new business venture with the aim of making a profit?

• Entrepreneurship

• Management

• Marketing

• Innovation

Which of the following is NOT one of the key aspects of an entrepreneurial mindset according to Gartner (1988)?

• Opportunity Recognition

• Proactiveness

• Risk Aversion

• Persistence

What is the key word associated with the process of creating, developing, and managing a new business venture?

• CPRR

• PRD

• CreMaDe

• None of the above

Which of the following is NOT a characteristic of successful entrepreneurs according to the presentation?

• Passion and Drive

• Calculated Risk-Taking

• Weak Leadership Skills

• Innovation and Creativity

What is the goal of entrepreneurship?

• To get a job

• To make a profit and create value

• To retire early

• To avoid risk

Which of the following is NOT a key characteristic of entrepreneurship according to Kuratko (2021)?

• Innovation

• Value Creation and Capture

• Risk-Avoidance

• Influencing Factors

What type of management emphasizes flexibility, innovation, and adaptability?

• Traditional Management

• Entrepreneurial Management

• Both a and b

• Neither a nor b

What is essential for economic growth, job creation, innovation, and technological advancement?

• Traditional Management

• Entrepreneurship

• Both a and b

• Neither a nor b

Which of the following involves identifying opportunities and taking risks to start and operate a new venture?

• Entrepreneurship

• Management

• Marketing

• Innovation