Entrepreneurship Risks and Rewards Quiz

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

• That there are no risks involved

• That failure is not an option

• That the risks are greater than the rewards

• That the rewards outweigh the risks

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

• Financial loss

• Lack of security

• Business failure

• Guaranteed success

What is a significant risk when setting up a business?

• Business failure

• Too much free time

• Having too many customers

• Excessive profits

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

• 20%

• 30%

• 10%

• 50%

What is a key factor in minimizing risks in entrepreneurship?

• Taking every opportunity

• Proper research and cash management

• Ignoring market research

• Avoiding financial planning

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

• To avoid any risks

• To make more money than a regular job

• To have a guaranteed income

• To work fewer hours

Which of the following is a reward of entrepreneurship?

• Guaranteed customer satisfaction

• No financial risks

• Independence

• Fixed working hours

What is one of the main rewards of entrepreneurship mentioned in the video?

• Unlimited vacation time

• Profit potential

• No competition

• Guaranteed success

What aspect of entrepreneurship does the video suggest is most rewarding?

• Avoiding risks

• Working set hours

• Following a passion

• Having a boss

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

• Bill Gates

• Steve Jobs

• Warren Buffet

• Elon Musk