Entrepreneurship Quiz

Entrepreneurship is:

• The art of creating customer energy where none existed.

• Creates jobs and energizes the economy.

• Requires a unique set of talents.

• All of the above.

Entrepreneurs believe their success or failure are dependent on so many variables, including the economy.

• True

• False

Entrepreneurs start own and operate a business for the sole purpose of making a profit.

• True

• False

A creator, inventor, or problem solver could be considered a(n):

• Entrepreneur

• Builder

• Innovator

• All of the above

An innovation has no value without a builder who turns it into a product or service.

• True

• False

An innovator and entrepreneur can be the same person--a thinker and a doer.

• True

• False

The first task of an entrepreneur is:

• Launching a new venture

• Pursing opportunities

• Recognizing opportunities

• Managing a company

People who build startups inside an established organization or who start new ventures are a(n):

• Intrapreneur

• Employee

• Entrepreneur

• Manager

Non-profit organizations do not influence the GDP.

• True

• False

What is economic growth?

• Increased employment

• Increased taxes

• Increased production of goods and services

• Both a and c.