Entrepreneurship - Module 1 and 2 Quiz

Which of the following best describes an entrepreneur?

• Has a strong desire to achieve and

  is innovative

• Recognizes opportunities but

  sacrifices them

• Has the urge to keep a product in

  the existing market

• Has a strong desire for money but

  does not go after it

Which of the following statements is

NOT a myth associated with

entrepreneurs?

• Entrepreneurs are bold.

• All entrepreneurs are rich.

• Entrepreneurs generate ideas.

• Entrepreneurs are born, not made.

Which of the following is central to the

concept of entrepreneurship?

• Financing

• Stabilization

• Manufacturing

• Innovation

Which of the following is a driving force

behind contemporary entrepreneurship?

• Globalization

• Demographic stability

• Stagnation in innovation

• Decreasing consumption

Which of the following does NOT

encourage entrepreneurship?

• Information revolution

• Changing demographics

• Technological advances

• Government bureaucracy

Which of the following is a KEY

characteristic for a successful

entrepreneur?

• Ability to work hard

• Technical skills

• Access to personal money

• Eye for an opportunity

An individual who is in the process of

starting a new venture for the first time is

described as a

• novice entrepreneur

• serial entrepreneur

• nascent entrepreneur

• habitual entrepreneur

Which of the following factors

distinguishes an entrepreneur from a

traditional small business owner?

• Wealth

• Ability to innovate

• Number of start-ups

• Employment status

Which of the following BEST describes

an entrepreneur when starting or

expanding a business?

• Opportunist

• Angel funder

• Venture capitalist

• Calculated risk taker

Which of the following is NOT a method

of generating a venture idea?

• Training

• Checklist

• Notebook

• Brainstorming