Entrepreneurship Quiz

What is one of the primary roles of an entrepreneur?

• To manage government regulations

• To innovate and make money from business ideas

• To work as an employee in a large corporation

• To avoid taking risks

What is a key characteristic of entrepreneurs?

• They prefer stable jobs with no risks

• They avoid making decisions

• They only focus on marketing

• They are responsible for organizing production factors

What is a common source for business ideas according to the text?

• Existing job experience

• Random brainstorming sessions

• Social media trends

• Government regulations

What is one of the barriers to entrepreneurship mentioned?

• Strong market competition

• Abundance of ideas

• Lack of finance

• High demand for products

What do intrapreneurs do?

• Start their own businesses

• Work independently without any support

• Use entrepreneurial skills within a company

• Take on all financial risks

What is a significant risk for entrepreneurs?

• Guaranteed success

• Easy access to funding

• High opportunity costs of failure

• Lack of competition

Which of the following is NOT a functional business activity?

• Marketing

• Financial management

• Purchasing

• Social media management

What is a potential reward for successful entrepreneurs?

• Guaranteed job security

• Less responsibility

• Financial independence

• Increased opportunity costs

What is one way entrepreneurs can anticipate risk?

• By making conscious decisions about risk levels

• By relying solely on luck

• By avoiding all risks

• By ignoring market trends

What is a common fear that may prevent people from becoming entrepreneurs?

• Fear of innovation

• Fear of hard work

• Fear of success

• Fear of failure