1.5.2 Entrepreneurial Motives and Characteristics

Which of the following is a key characteristic of an entrepreneur?

• Aversion to risk

• Willingness to take risks

• Preference for routine

• Dependence on others

What is a common motivation for individuals to become entrepreneurs?

• Desire for a stable income

• Interest in working for others

• Ethical Stances

• Preference for a fixed schedule

Which skill is essential for successful entrepreneurship?

• Ability to follow orders

• Strong communication skills

• Inability to adapt

• Lack of creativity

Entrepreneurs are often characterised by their ability to:

• Avoid challenges

• Find creative solutions to problems

• Rely on luck

• Follow trends

Which of the following best describes an entrepreneurs approach to risk?

• Avoiding all risks

• Calculated risk-taking

• Ignoring potential failures

• Taking risks without consideration

What is a primary motive for someone to start their own business?

• To have less responsibility

• To achieve personal goals

• To work fewer hours

• To avoid decision-making

Which characteristic is often found in successful entrepreneurs?

• Inflexibility

• Resilience

• Pessimism

• Indifference

Entrepreneurial skills include:

• Inability to manage time

• Effective problem-solving

• Lack of leadership

• Avoidance of technology

What drives many entrepreneurs to start their own ventures?

• Fear of failure

• Desire for independence

• Need for constant supervision

• Preference for monotony

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

• Creativity

• Procrastination

• Initiative

• Resilience