Entrpreneurship Terms

What is an entrepreneur?

• Someone who invests in other people's companies

• Someone who manages a government project

• Someone who starts and runs their own business

• Someone who follows trends but doesn't take risks

Which of the following best describes what entrepreneurs do?

• Avoid risks

• Follow instructions

• Create and lead new ideas or businesses

• Rely on others to take the lead

Entrepreneurs often succeed because they are willing to:

• Avoid conflict

• Take risks

• Work alone only

• Wait for the perfect moment

What is a major motivation for many entrepreneurs?

• Guaranteed success

• Low stress

• Personal profit and achievement

• Following routines

What impact do entrepreneurs have on society?

• They reduce competition

• They create jobs and drive innovation

• They focus only on personal gain

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

• A. Vision

• B. Laziness

• C. Confidence

• D. Passion

Entrepreneurs are described as "visionary." What does this mean?

• They rely only on short-term ideas

• They focus on copying others' work

• They have a clear long-term goal and strategy

• They avoid change

Why is being adaptable important for entrepreneurs?

• Plans always stay the same

• Customers never change

• Businesses may face unexpected challenges

• It helps them avoid taking any risks

Problem-solving skills help entrepreneurs:

• Avoid making decisions

• Ignore obstacles

• Create innovative solutions

• Let others fix problems

What does it mean to be "action-oriented"?

• Waiting for the right opportunity

• Talking a lot without doing much

• Taking steps to move ideas forward

• Asking for permission before trying anything