Entrepreneurship Quiz

What systems discourage people from coming forward with entrepreneurial ideas? (Select all that apply.)

• sustainable production within an economy

• bureaucratic prevention of access to information

• valuing self-reliance and ingenuity

• corruption within an economy

Which of the following best describes an entrepreneurial mindset?

• having an entrepreneurial education

• desiring to take business risk for growth

• having sufficient venture capital funding

• knowing what business will be successful

What element(s) of potential success are crucial beyond simply having an entrepreneurial mindset?

• funding and education

• access to a larger pool of money

• the number of businesses in your country

• having an angel investor and a team

Part of the entrepreneurial perspective is solving problems to make lives easier.

• True

• False

What is institutional venture capital?

• group of people pooling money to invest in ventures

• those who provide funding early in a venture

• money from family and friends

• entrepreneurs who fund their own startup ventures

Why is the United States a country that “grows” successful entrepreneurs?

• because there are few prescribed conformity traditions

• because there are many immigrants

• because of affinity marketing supporting immigrants

• because there are a lot of retirees with pensions

All of the following except ________ describe entrepreneurs.

• non conformists

• corporate rebels

• corporate sponsors

• activists

Which of the following is not an example of a social-environmental entrepreneurial problem?

• concern about pollution

• concern for quality of life

• concern for air quality

• concern for government funding

There is only one type of entrepreneur.

• True

• False

Evernote cofounder, Phil Libin, said that changing the world is the only legitimate reason to start a company.

• True

• False