Entreprenueurship 3-1 Lesson Quiz

Which is a barrier to entrepreneurial success?

• taking too much risk

• taking too little risk

• insufficient innovation

• all the above

Which is a barrier to entrepreneurial success?

• poor cash flow management

• lack of math acumen

• ineffective management of priorities

• all the above

Successful entrepreneurs are enthusiastic about their work; they do it for the love of the journey; they are _______________ about what they are doing and why they are doing it.

• concerned

• passionate

• hesitant

• nervous

Risk Averse means:

• you are generally reluctant to take risks

• you are generally open to taking risk

• you are for borrowing a lot of money

• you don’t understand what risk is

A common myth of what it takes to be an entrepreneur is:

• “all I need is money to get started”

• “I need a certain type of experience”

• “entrepreneurs are born”

• all the above

One barrier to small business/entrepreneurial success is:

• lack of capital funding

• less regulation

• less competition

• more math acumen

Entrepreneurs are born that way.

• True

• False

These external factors can impact entrepreneurial growth: 1)__________, 2) Racial, 3) Social, 4) Political, and 5) Psychological

• Manufacturing

• Economic

• Corporate

• Managerial

In some parts of the world, pursuing an opportunity around a new innovation can be difficult and less accepted based on social and/or ___________factors.

• pitch deck

• marketing

• political

• accounting