4-1 Entrepreneurship Traits Quiz Business U

What does "Bootstrapping" mean in the context of entrepreneurship?

• Being creative with limited funds and resources

• Introducing a new product

• Describing a company's mission

• Losing potential gain

What is the definition of "Innovation"?

• A summary of a company's purpose

• The introduction of something new

• Consciousness of one's traits

• A strong feeling of enthusiasm

What does "Mission" refer to in a company?

• A new idea or product

• A company's reason for being

• The loss of potential gain

• Personal characteristics

What is "Opportunity Cost"?

• The introduction of a new service

• The loss of potential gain from other alternatives

• A strong feeling of determination

• An aspirational view of the future

How is "Passion" described?

• Consciousness of one's emotions

• A regular pattern of behavior

• A strong feeling of enthusiasm and devotion

• An aspirational view of the future

What does "Self-Awareness" involve?

• Being creative with limited resources

• Consciousness of one's own traits and emotions

• The introduction of something new

• The loss of potential gain

What are "Traits" in the context of personal characteristics?

• A summary of a company's purpose

• A regular pattern of behavior

• The introduction of a new idea

• The loss of potential gain

What does "Vision" refer to in a company?

• A new product or service

• An aspirational view of the future

• Consciousness of one's strengths

• A strong feeling of connection

What is a key characteristic of successful entrepreneurs?

• They avoid taking risks

• They are problem solvers

• They focus on one task at a time

• They discourage new ideas

What does "work-ethic" mean for entrepreneurs?

• Working long, irregular, and sustained hours

• Avoiding roadblocks

• Focusing on one task

• Introducing new products