Pre-assessment W5 Entrepreneurship

Entrepreneurs have the opportunity to:

• Avoid uncertainty and risk

• Work fixed hours with little flexibility

• Shape their own vision and ideas

• Receive guaranteed salaries

What is a common drawback of entrepreneurship?

• Limited potential for financial success

• Fixed work hours and routine tasks

• High levels of stress and uncertainty

• Limited need for innovation and creativity

What is a common characteristic of successful entrepreneurs?

• Aversion to uncertainty and ambiguity

• Willingness to take calculated risks

• Preference for following rather than leading

• Resistance to learning from failures

Who is an entrepreneur?

• A person who works for a large corporation
• A person who organises, operates and takes the risk of starting their own business.

• A person who invests in stocks and bonds
• A person who is employed by the government

Sarah has always been passionate about environmental sustainability. She decides to start her own business focused on producing eco-friendly household products. Which characteristic of an entrepreneur does Sarah demonstrate in this scenario?

• Proactiveness and initiative

• Resistance to change

• Reluctance to take risks

• Preference for job security