Innovation & Entrepreneurship Quiz

What is a key characteristic of an entrepreneurial mindset?

• Risk aversion

• Proactiveness

• Dependence on others

• Resistance to change

Which of the following is an example of an innovative business model?

• Traditional retail store

• Subscription-based service

• Sole proprietorship

• Franchise

What does technology innovation primarily focus on?

• Reducing costs

• Improving existing products or services

• Increasing workforce

• Maintaining the status quo

Which of the following best describes bricolage in entrepreneurship?

• Using available resources creatively

• Following a strict business plan

• Outsourcing all tasks

• Investing heavily in new technology

What does a high internal locus of control indicate in an entrepreneur?

• Belief that outcomes are determined by external factors

• Belief that outcomes are determined by their own actions

• Dependence on luck

• Reliance on team members

Opportunity recognition involves:

• Ignoring market trends

• Identifying unmet needs in the market

• Copying competitors

• Avoiding risks

Which of the following is NOT a trait of an entrepreneurial mindset?

• Adaptability

• Resilience

• Complacency

• Innovation

A business model that relies on user-generated content is an example of:

• Direct sales

• Freemium

• Platform-based model

• Licensing

Which of the following is a common outcome of technology innovation?

• Decreased efficiency

• Increased market competition

• Reduced product quality

• Higher operational costs

Bricolage is most effective in which type of environment?

• Resource-rich

• Resource-constrained

• Highly regulated

• Stable and predictable