Introduction to Entrepreneurship

The word entrepreneur means "to enjoy money".

• True

• False

Entrepreneurship means a process which individuals pursue _______ regardless the resources they have.

• opportunities

• risk

• passion

• goals

The following are the different types of entrepreneurs, except:

• Mega entrepreneurs

• Macro entrepreneurs

• Micro entrepreneurs

• Intrapreneurs

One of the reason to become an entrepreneur is ________:

• to be flexible in working hours

• pursue one's own ideas

• to earn extra money after working hours

• to enjoy the hobbies.

Which of the following is a characteristics of successful entrepreneurs?

• To translate creativity into dreams

• self -focus to achieve goal

• tenacity despite failure

• passion for money

A startup firm that establishes a firm to enjoy income that he or she would earn in traditional jobs is ________.

• salary-substitute firms

• lifestyle firms

• entrepreneurial firms

• all of the above

The following are reasons why passion is important for successful entrepreneurial organization, except:

• The ability to learn and iterate

• A willingness to work smart

• Ability to overcome setbacks

• Perseverance and persistence makes entrepreneurs to get through tough times

Entrepreneurship is important because:

• Generate wealth for the economy

• Increase poverty rate

• Destroy conventional jobs

• Creates opportunities for underground economy

Intrapreneurs is someone who works outside of the company and contributes viable idea for business expansion.

• True

• False

Entrepreneur is someone who can execute an idea into a successful business.

• True

• False