Technopreneurship

An entrepreneur is someone who creates a new business in the face of risk and uncertainty to achieve profit and growth.

• True

• False

Starting or buying an existing business qualifies as entrepreneurship.

• True

• False

Answer explanation

Entrepreneurship involves creating a new business, not starting or taking over an existing one.

Men are twice as likely to start a business as women, according to the Global Entrepreneurship Monitor (GEM).

• True

• False

Entrepreneurs are most likely to start a business between the ages of 25 and 35.

• True

• False

Answer explanation

Entrepreneurs are most likely to start businesses between the ages of 35 and 44​.

A key characteristic of entrepreneurs is their preference for high levels of risk.

• True

• False

Answer explanation

Entrepreneurs prefer moderate levels of risk rather than high levels.

Entrepreneurs value achievement over monetary gains.

• True

• False

Tolerance for ambiguity is an essential trait of successful entrepreneurs.

• True

• False

One drawback of entrepreneurship is the uncertainty of income.

• True

• False

Poor financial controls and weak marketing efforts are common causes of entrepreneurial failure.

• True

• False

Entrepreneurs are discouraged by failure and tend to avoid risks after their first business fails.

• True

• False