What is Entrepreneurship Quiz Review

Innovation and problem-solving are...

• Too difficult for most people to achieve.

• Primarily what entrepreneurship is all about.

• Not necessary for successful entrepreneurs.

• Essential elements of a business plan.

Which of the following is a key characteristic of entrepreneurs?

• Intrepridation

• Resilient
• Cheerful

• Timid

Entrepreneurs pursue their vision by...

• Hiring new employees

• Paying their bills

• Taking risks

• Balancing their budget

This entrepreneur demonstrated innovation by redefining the automobile industry.

• Howard Schultz

• Elon Musk

• Jeff Bezos

• Jack Ma

Entrepreneurs who display this characteristic are better able to recover from setbacks.

• Resilience

• Innovation

• Honesty

• Creativity

Steve Jobs is known for his vision in...

• Online sales

• Coffee shops

• Technology

• Horse racing

The practice of understanding and meeting the needs of customers to create better products and services is the characteristic of...

• Customer Service

• Networking

• Persistence

• Customer-Focus

The importance of entrepreneurship to society includes...

• Job creation and reduced unemployment

• Higher taxes

• Lower income

• Increase in housing costs

One of the biggest challenges that Walt Disney faced before succeeding was...

• Multiple rejections

• Funding opportunities

• Lack of higher education

• Competition from overseas operators

What does adaptability mean for entrepreneurs?

• Sticking to one plan
• Adjusting to new conditions
• Ignoring market changes
• Avoiding customer feedback