Entrepreneurship Quiz

Who is an entrepreneur?

• A person who seeks employment opportunities.

• A person willing and able to convert a new idea into a successful innovation.

• Someone who manages others' businesses.

• A person who only invests in established companies.

Which of the following is NOT a personal quality of an entrepreneur?

• Procrastination

• Discipline

• Passion

• Creativity

Why is discipline important for entrepreneurs?

• To attract customers.

• To ensure they keep to time and follow rules for business success.

• To make employees work harder.

• To avoid competition.

Entrepreneurs are confident because they:

• Have no competition.

• Never entertain doubts about succeeding.

• Work alone.

• Avoid taking risks.

Open-mindedness in entrepreneurship involves:

• Ignoring challenges.

• Utilizing people, skills, and potential around to grow the business.

• Relying solely on personal efforts.

• Avoiding advice from others.

Entrepreneurs prefer starting something themselves because they are:

• Dependent

• Independent

• Overconfident

• Cautious

Why is competitiveness important for an entrepreneur?

• To discourage competitors from entering the market.

• To secure more patronage by doing a better job than competitors.

• To copy competitors’ strategies.

• To work less while earning more.

What drives entrepreneurs to seek new ways to improve their businesses?

• Creativity

• Laziness

• Overconfidence

• Competition

What quality ensures entrepreneurs don’t give up despite obstacles?

• Passion

• Determination

• Open-mindedness

• Independence

Why are strong people skills important for entrepreneurs?

• To make friends in the industry.

• To recognize people as their most important resources.

• To avoid managing employees.

• To reduce competition.