EDC CELL QUALIFYING TEST

Who is an entrepreneur?

• A person who manages an existing company

• A person who starts a new business and takes risks

• A person working in a government job

• A person who only invests in stock market

Which of the following is NOT a type of entrepreneur?

• Social Entrepreneur

• Lifestyle Entrepreneur

• Time Entrepreneur

• Tech Entrepreneur

Entrepreneurs are known for being:

• Risk-averse

• Highly dependent on others

• Opportunity seekers

• Job seekers

A social entrepreneur focuses on:

• Maximizing profits

• Solving societal problems

• Becoming famous

• None of the above

What is a key difference between an entrepreneur and a businessman?

• Entrepreneurs copy ideas; businessmen innovate

• Entrepreneurs focus on innovation; businessmen follow existing paths

• Businessmen never take risks

• Entrepreneurs don't run businesses

A "serial entrepreneur" is one who:

• Works in a serial company

• Starts and exits multiple businesses

• Copies others' ideas

• Is employed in a startup

What quality is most associated with successful entrepreneurs?

• Laziness

• Fear of failure

• Innovation

• Procrastination

Entrepreneurs contribute to the economy by:

• Increasing unemployment

• Importing only

• Creating jobs

• Avoiding risks

Which of the following is an example of a lifestyle entrepreneur?

• Founder of Tesla

• Blogger earning from YouTube and travel

• Corporate employee

• Banker

Entrepreneurs are usually:

• Scared of taking decisions

• Quick to give up

• Risk takers and decision makers