Entrepreneurship and Opportunities During Recession

Entrepreneurship and Opportunities During Recession

Assessment

Interactive Video

Business, Professional Development, Education

10th Grade - University

Hard

Created by

Ethan Morris

FREE Resource

The video discusses the entrepreneurial mindset, emphasizing the importance of taking action during recessions. It highlights that opportunities often arise from problems and needs, using examples like Sub-Saharan Africa. A student from Nigeria exemplifies this by discovering numerous business ideas after a course. The video also notes that once basic needs are met, opportunities for innovation increase. Sony's origin during a recession is cited as a classic example of starting a successful business in challenging times.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the entrepreneurial worldview regarding action during a recession?

Ignore the recession

Wait for the recession to end

Take action to create change

Focus on personal savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the transcript, where are more opportunities likely to be found?

In developed countries

In regions with fewer problems

In areas with high needs and problems

In places with stable economies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the Nigerian student realize after completing the course?

Opportunities are rare

He had no viable ideas

Opportunities are abundant and actionable

Entrepreneurship is not for him

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key to turning an idea into a viable opportunity?

Waiting for the right time

Having a unique idea

Discussing it with friends

Acting on it and implementing it

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the Nigerian student bring back after his holiday?

A single business idea

A book of 20 ideas

No ideas

A plan to study more

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when basic needs are met, according to the transcript?

People stop wanting things

Life becomes monotonous

Opportunities decrease

People have more time to think and create

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the transcript suggest about the environment for opportunities during a recession?

It is lower than in prosperous times

It is higher than when there is excess money

It remains unchanged

It is unpredictable

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