Entrepreneurship Quiz

What is the core definition of an entrepreneur?

• Someone who creates a personal brand

• Someone who sees a need and takes on the financial risk to start a business to fill that need

• Someone who works for a feline health and fitness company

• Someone who works 9 to 5 at an accounting firm

What is the Gig Economy?

• A shift in the global job market that has opened the door for entrepreneurship to become more mainstream

• A traditional path of joining an accounting firm right after college

• A type of economy that only offers salaried positions

• A type of economy that only offers long-term employment with health insurance

What is a potential motivator for entrepreneurs?

• Working 9 to 5 at a traditional job

• Large companies appreciating their full potential

• Spreadsheets

• Freedom

What is the Lean Startup methodology?

• A method for avoiding failure in entrepreneurship

• A globally recognized guidebook for entrepreneurs created by Steve Blank and Eric Ries

• A method for traditional employees to work efficiently

• A method for maintaining a steady income

What does success look like to an entrepreneur?

• It's entirely up to the individual

• Becoming the CEO of a mid-size media production company and writing novels on the side

• Earning $30,000 a year in a food truck and skiing every weekend

• Selling an idea for a million dollars

What is the main reason for participating in the gig economy for some people?

• To build a robust portfolio of work

• To have a flexible work schedule

• To have a stronger sense of income security

• Necessity, not a choice

What is the main struggle for entrepreneurs in the gig economy?

• Creating a personal brand with art or online presence

• Building self-confidence over time

• Finding fulfilling gigs

• Turning off the hustle and taking time for fun hobbies and spending time with friends and family

What is the key to success for entrepreneurs according to the Social Science Research Network journal?

• Believing in themselves

• Having a stable income

• Having a traditional job with health insurance

• Working long hours to get a project off the ground