Entrepreneurship Video Quiz #1

What is the core definition of an entrepreneur?

• 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 consults for a network of women small business owners

• Someone who creates a personal brand

According to the Global Entrepreneurship Monitor, how many businesses are launched each year?

• 100,000

• 10 million

• 1 million

• 100 million

What is NOT a major reason entrepreneurs start companies, according to a study in the Social Science Research Network journal?

• They want to become famous.

• They are inherently more valuable than how they appear on paper

• They are capable of turning their internal value into real life money

• Large companies can’t appreciate their full potential

What is the Lean Startup methodology created by Steve Blank and Eric Ries?

• A guidebook for entrepreneurs that says stumbling is perfectly fine if we learn as we go

• A method for traditional job seekers to find employment

• A system for government agencies to regulate entrepreneurship

• A framework for large companies to avoid failure

What is the main motivator for entrepreneurs, according to the text?

• Fame

• Stability

• Potential wealth

• Freedom

What is the downside of participating in the gig economy, as mentioned in the text?

• Higher taxes for gig workers

• More job security for gig workers

• Limited opportunities for gig workers

• Fewer legal protections for gig workers

What is the main challenge for entrepreneurs in the gig economy, according to the text?

• Creating a personal brand with art or online presence

• Building robust portfolios of work

• Finding fulfilling gigs

• Struggling to turn off the hustle and take breaks

What is the key to success for entrepreneurs, according to the text?

• Learning from failures and not quitting

• Avoiding failures at all costs

• Having a massive success without any failures

• Redefining failure and never picking up the pieces

What is the main reason for the rise of entrepreneurship in the gig economy, according to the text?

• The lack of opportunities in the traditional job market

• The increase in salaried employment with health insurance

• The decline of entrepreneurship in traditional job markets

• The shift in the global job market towards temporary hiring for specific projects

What is the main message of the text regarding entrepreneurship?

• Entrepreneurship can be caught like a disease

• Entrepreneurship is genetic and fatal

• Entrepreneurship is only for celebrities and business tycoons

• Anyone can be an entrepreneur with a little grit, determination, and luck