week 13

Which of the following best describes entrepreneurship?

• The process of starting a new business

• The act of managing an existing business

• The practice of investing in the stock market

• The process of selling products online

Which of the following is a key characteristic of entrepreneurs?

• Risk-aversion

• Preference for stability

• Proactive mindset

• Reliance on others for decision-making

Entrepreneurs are often driven by:

• Fear of failure

• Desire for a stable job

• Avoiding challenges and risks

• Opportunities and innovation

Which of the following is a common characteristic of successful entrepreneurs?

• Limited creativity

• Resistance to change

• Perseverance

• Dependency on others for ideas

What is the importance of creativity for entrepreneurs?

• It helps in following traditional business practices

• It enhances problem-solving abilities

• It restricts adaptability to change

• It discourages innovation

Which of the following traits is essential for an entrepreneur to manage uncertainty?

• Reliance on a single strategy

• Fear of taking risks

• Ability to adapt to change

• Avoidance of decision-making

Which of the following statements is true about entrepreneurs?

• They prefer a predictable and routine work environment

• They tend to avoid taking personal responsibility

• They are comfortable working alone without any support

• They possess a strong sense of initiative

Entrepreneurs often have a high tolerance for:

• Ambiguity

• Repetition

• Routine tasks

• Inflexibility

Which of the following is an example of an entrepreneurial opportunity?

• Working as an employee in an established company

• Starting a new venture in a saturated market

• Investing in a low-risk mutual fund

• Developing a unique product or service

Which of the following is a common characteristic of successful entrepreneurs?

• Fear of failure

• Lack of passion for their work

• Strong self-confidence

• Reliance on others for decision-making