Unit 1 Quiz Review - Entrepreneurship

What does it mean to be innovative?

• to pursue an advanced degree in various fields

• to have a growth mindset

• to have a deeper understanding of products and services than most other people

Which characteristic is the quality of being honest and adhering to moral and ethical values?

• entrepreneurship

• progressiveness

• integrity

Which of these is true about making mistakes during an entrepreneurial journey?

• Making mistakes can help entrepreneurs identify common errors and avoid them.

• Mistakes should be avoided at all costs.

Which of these scenarios demonstrates perseverance?

• persistence even after failure or hardships

• mental agility and the ability to take risks

• focus on problem solving

Select a soft skill which is important for entrepreneurs:

• Communication

• Negative Mindset

• No discipline

Entrepreneurship is attractive to many people because ...

• You get to be your own boss, make your own rules, schedule, and don't have to answer to anyone

• It's an easy way to make a living, you don't have to work as many hours, and you don't have much stress

How can people avoid some of the common pitfalls that new entrepreneurs make?

• do all the work themselves

• expand your mindset

• set beyond realistic expectations