Quiz on Entrepreneurship and Gig Economy

What factors decrease the risk of creating a new venture? (Select two that apply.)

• Economy is strong.

• Job market is strong.

• Education is strong.

• Trends are strong.

Which age range accounts for the most startup activity?

• over 20

• over 30

• over 40

• over 50

Which of the following is not a characteristic of an independent contractor?

• part of the payroll of a contracting business

• pays for their own benefits

• responsible for paying their own taxes

• works similar to an employee

What are the most pertinent considerations one should make before joining the gig economy? (Select two that apply.)

• Analyze the financial implication.

• Create a unique brand identity.

• Know that becoming a freelancer is difficult.

• Make sure you are goal oriented.

Which of the following are not examples of the gig economy?

• offering talent for projects

• promoting one’s specialty for interim assignments

• offering editing on a freelance basis

• working as in-house catering at a restaurant

What is not a reason, according to FreshBooks’ second annual Self Employment Report, that there will be an increase in US employees leaving traditional work in favor of self-employment?

• control over acceptance of work

• control over office attire

• control over one’s career

• control over working hours

What percentage of startups include immigrants?

• 20%

• 35%

• 40%

• 45%

How many self-employed Americans will there approximately be at the end of 2026 according to the US Bureau of Labor Statistics?

• about 9 million

• over 9 million

• over 10 million

• about 12 million

Which of the following is not a reason for the downward slide in the number of employees working for self-employed businesses?

• desire over control of one’s career

• difficulty in finding qualified employees

• gig economy employment

• outsourcing activities

Which countries take the lead in entrepreneurial activity? (Select two that apply.)

• Canada

• Guatemala

• India

• Luxembourg