Entrepreneurship Risks and Rewards Quiz

What is a fundamental belief of entrepreneurs when starting a business?

• That there are no risks involved

• That the rewards outweigh the risks

• That the risks are greater than the rewards

• That failure is not an option

Which of the following is NOT a common risk associated with entrepreneurship?

• Guaranteed success

• Business failure

• Lack of security

• Financial loss

What is a significant risk when setting up a business?

• Too much free time

• Excessive profits

• Business failure

• Having too many customers

According to the video, what percentage of small businesses fail within the first year?

• 50%

• 30%

• 20%

• 10%

What is a key factor in minimizing risks in entrepreneurship?

• Relying solely on luck

• Proper research and cash management

• Ignoring market research

• Avoiding all risks

What is a major reason entrepreneurs are drawn to starting their own business?

• To make more money than a regular job

• To have a guaranteed income

• To work fewer hours

• To avoid any risks

Which of the following is a reward of entrepreneurship?

• No financial risks

• Guaranteed customer satisfaction

• Fixed working hours

• Independence

What is one of the main reasons entrepreneurs pursue their own ventures?

• To have a predictable schedule

• To follow a passion

• To avoid working with others

• To avoid any challenges

What is an example of a successful entrepreneur mentioned in the video?

• Steve Jobs

• Bill Gates

• Elon Musk

• Warren Buffet

What is a potential outcome of successful entrepreneurship?

• Limited earning potential

• Guaranteed failure

• Living on your own terms

• No personal growth