Entrepreneurship 2

What best defines entrepreneurship?

• Running an established company

• Designing and launching a new business

• Selling shares of a business

• Avoiding risks in business

Entrepreneurship is mostly associated with:

• Routine office jobs

• Government service

• Innovation and risk-taking

• Buying and holding assets

The concept of entrepreneurship starts with:

• Borrowing money

• Buying a franchise

• Generating a business idea

• Employing a workforce

Entrepreneurship creates value for:

• Only the entrepreneur

• Government alone

• Customers and stakeholders

• Shareholders only

The key aim of entrepreneurship is to:

• Reduce working hours

• Avoid competition

• Build a profitable business

• Replicate existing businesses

Which of the following is a common trait of successful entrepreneurs?

• Avoidance of change

• Innovation

• Laziness

• Dependence on others

What does risk-taking involve in entrepreneurship?

• Avoiding financial investments

• Copying other businesses

• Willingness to face uncertainties

• Hiring only known employees

Entrepreneurs who act before market trends are:

• Followers

• Reactive

• Proactive

• Indecisive

Which trait helps entrepreneurs bounce back from failure?

• Wealth

• Resilience

• Popularity

• Ego

A clear direction and goal in entrepreneurship is called:

• Leadership

• Adaptability

• Vision

• Networking