Entrepreneurship Quiz

What is a common misconception about entrepreneurship?

• It requires no risks.

• It guarantees immediate success.

• It is only for inventors.

• It is an easy way to get rich.

Which of the following is NOT a characteristic of an entrepreneur?

• Risk taking

• Ability to consolidate resources

• Desire for autonomy

• Fear of failure

What does the term 'entrepreneur' derive from?

• Spanish for 'to innovate'

• Latin for 'to create'

• Italian for 'to manage'

• French for 'to undertake'

Which of the following is a key factor in successful entrepreneurship?

• Focusing solely on profits

• Identifying strengths and weaknesses

• Ignoring market trends

• Avoiding risks

What is the role of entrepreneurs in the 21st century?

• They are seen as villains.

• They are considered heroes of free enterprise.

• They are primarily academics.

• They avoid taking risks.

Which myth suggests that entrepreneurs are doers, not thinkers?

• Myth 2

• Myth 3

• Myth 1

• Myth 4

What is a common reason for business failures?

• Excessive risk-taking

• Too much planning

• Inadequate financing

• Lack of creativity

What does the environmental school of thought focus on?

• Internal business strategies

• External factors affecting entrepreneurs

• Individual traits of entrepreneurs

• Financial capital acquisition

Which approach emphasizes the opportunity aspect of venture development?

• Trait school of thought

• Environmental school of thought

• Venture opportunity school of thought

• Strategic formulation school of thought

What is the primary focus of the strategic formulation school of thought?

• Analyzing social groups

• Acquiring financial resources

• Developing personal traits

• Identifying market gaps