Entrepreneurial Skills Quiz

What is the primary definition of entrepreneurship?

• Trading goods and services

• Managing a company's HR policies

• Creating, developing, and managing a new business venture

• Saving money in a business

Which of the following is NOT a function of entrepreneurship?

• Risk-bearing

• Innovation

• Government regulation

• Organization

Entrepreneurs contribute to the economy by:

• Increasing imports

• Reducing employment

• Creating jobs and innovation

• Avoiding market competition

What is one major goal of an entrepreneur?

• To work under supervision

• To minimize customer satisfaction

• To identify and exploit business opportunities

• To limit risk-taking

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

• Dependence on others

• Risk aversion

• Self-confidence

• Fear of change

A successful entrepreneur is most likely to:

• Avoid new ideas

• Imitate others

• Innovate and take initiative

• Prefer job security

What does the entrepreneurial mindset emphasize?

• Fixed thinking

• Taking no risks

• Growth, resilience, and opportunity-seeking

• Waiting for instructions

One of the key traits of an entrepreneur is:

• Passivity

• Adaptability

• Rigidity

• Conformity

Entrepreneurship promotes:

• Only individual profit

• Environmental degradation

• Economic growth and societal development

• Political instability

Which of these best reflects entrepreneurial behavior?

• Following others

• Waiting for perfect conditions

• Acting decisively under uncertainty

• Avoiding decision-making