Entrepreneurship: Mastery Check 2.1

Which of the following best describes a serial entrepreneur?

• Someone who starts multiple businesses over time

• An entrepreneur who only focuses on one industry

• A person who inherits a family business

• Someone who invents new products

What is the primary goal of a social entrepreneur?

• Maximizing profits

• Creating positive social impact

• Developing new technologies

• Expanding globally

Which type of entrepreneur is most likely to work within an established company?

• Solopreneur

• Franchisee

• Intrapreneur

• Small business owner

What is a key characteristic of a tech entrepreneur?

• Aversion to risk

• Focus on traditional business models

• Emphasis on digital innovation

• Preference for brick-and-mortar stores

Which of the following is an example of a small business entrepreneur?

• The CEO of a multinational corporation

• The owner of a local bakery

• The founder of a large tech company

• A venture capitalist

1. An entrepreneur is someone who __ a business venture and assumes financial risks in the hope of profit.

1. __ entrepreneurs focus on creating businesses that address social or environmental issues.

1. Explain the difference between a social entrepreneur and a tech entrepreneur. Provide an example of each.

2. Describe three key characteristics that successful entrepreneurs typically possess.

3. Choose one type of entrepreneur we've discussed and explain why you think this type of entrepreneurship is important for society or the economy.