Entrepreneurship

Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)

• Motivated

• Takes very little risk

• Passionate

• Hard-working

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable

One advantage of becoming an entrepreneur is ____________________.

• Flexibility

• Financial freedom

• Lack of Control

The following are the characteristics of successful entrepreneurs, EXCEPT:

• Intolerance to ambiguity

• Motivation to excel

• Commitment and determination

What has transformed the nature of uncertainty in entrepreneurial processes and outcomes?

• New digital technologies

• Traditional business models

• Government regulations

• Global economic trends

What is the relationship between the nature of an opportunity and the distribution of entrepreneurial agency?

• All opportunities are amenable to collective entrepreneurship

• The nature of an opportunity does not affect the distribution of entrepreneurial agency

• The nature of an opportunity determines the distribution of entrepreneurial agency

• The distribution of entrepreneurial agency is independent of the nature of an opportunity

Which of the following is a key characteristic of a successful entrepreneur?

• Risk-taking ability

• Aversion to change

• Dependence on others

• Lack of vision

What is one of the primary motivations for individuals to pursue entrepreneurship?

• Job security

• Desire for independence

• Guaranteed success

• Avoiding responsibility

Which economic system is most conducive to entrepreneurship?

• Command economy

• Traditional economy

• Market economy

• Mixed economy

What role does innovation play in entrepreneurship?

• It hinders growth

• It is irrelevant

• It drives business success

• It complicates processes