Entrepreneurship Quiz (AUTOMOTIVE 3A)

What is the primary focus of entrepreneurship?

• Selling products

• Starting and managing a business venture

• Government regulations

• Investing in stocks

Which of the following is NOT a characteristic of an entrepreneur?

• Risk-taking

• Lack of confidence

• Innovative thinking

• Self-motivation

Which entrepreneurial skill involves setting SMART goals?

• Leadership

• Goal setting

• Negotiation

• Financial management

What is an essential trait of an entrepreneur that helps them bounce back from failures?

• Optimism

• Hesitation

• Procrastination

• Pessimism

Why is risk-taking an important trait for entrepreneurs?

• It guarantees success

• It helps them explore new business opportunities

• It eliminates all financial risks

• It reduces competition

A person who takes risks to start and manage a business.

A skill that involves resolving differences between people in a beneficial way.

The ability to manage risk and handle challenges effectively.

What is the term for the ability to make important business choices based on evidence and potential outcomes?

What trait allows an entrepreneur to bounce back from failures and challenges?