Entrepreneurship Quiz

What distinguishes mega entrepreneurs from micro entrepreneurs?

• Their educational background

• Their willingness to take risks and use large capital

• Their location of business

• Their age group

According to Peter Drucker, entrepreneurship is:

• A natural talent

• A personality trait

• A practice that can be learned

• A form of entertainment

Which stage in the entrepreneurial process involves recognizing a business opportunity?

• Development

• Discovery

• Implementation

• Organizing Resources

What is the main goal of the “Reaping the Returns” stage?

• Hiring employees

• Expanding the business

• Creating a business plan

• Conducting market research

Which of the following is NOT a characteristic of an entrepreneur?

• Risk taker

• Result-oriented

• Passive observer

• Visionary

Entrepreneurial leadership primarily focuses on:

• Following government regulations

• Inspiring innovation and achieving business goals

• Avoiding risks

• Managing only financial resources

What does the “Organizing Resources” stage emphasize?

• Selling products

• Sourcing and financing resources

• Advertising

• Customer feedback

Which economist emphasized innovation as a key element of entrepreneurship?

• Adam Smith

• Joseph Schumpeter

• Karl Marx

• Milton Friedman

Micro entrepreneurs typically start businesses due to:

• High investment opportunities

• Lack of formal employment

• Government incentives

• International expansion

Visionary entrepreneurs are best described as:

• Focused on short-term profits

• Driven by routine tasks

• Motivated by a clear direction and purpose

• Avoiding innovation