What is a fundamental characteristic of a person who sets up a business?

Entrepreneurship Quiz

Quiz
•
English
•
University
•
Medium
Isidore Armah
Used 1+ times
FREE Resource
60 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Avoiding all financial risks.
Taking on financial risks in the hope of profit.
Delegating all decision-making.
Solely focusing on social impact without profit.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economist suggests that entrepreneurs are not necessarily motivated by profit, but rather use it as a standard for measuring achievement?
Adam Smith
John Maynard Keynes
Joseph Alois Schumpeter
Karl Marx
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do entrepreneurs play in recognising opportunities?
They ignore opportunities to focus on chaos.
They recognise opportunities where others see chaos or confusion.
They create chaos to find opportunities.
They are indifferent to both chaos and opportunities.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are entrepreneurs characterised in relation to the marketplace?
They are passive observers of market changes.
They are aggressive catalysts for change within the marketplace.
They resist any form of change in the market.
They only respond to changes initiated by others.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a defining characteristic of entrepreneurs concerning the future?
They only react to the present.
They continuously create the future.
They avoid challenging the unknown.
They prefer to maintain the status quo.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is listed as a general classification of entrepreneurs?
Nascent
Serial
Opportunist
Novice
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which classification describes entrepreneurs who typically employ skilled people to run their businesses and are interested in exploiting opportunities in their environment?
Craft Entrepreneurs
Growth Entrepreneurs
Opportunist Entrepreneurs
Income Oriented Entrepreneurs
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