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WorksheetsEntrepreneurship Module 1
Total questions: 15
Worksheet time: 8mins
Which of the following statements is NOT a myth associated with entrepreneurs?
Entrepreneurs are bold
All entrepreneurs are rich
Entrepreneurs generate ideas
Entrepreneurs are born, not made
Which of the following does NOT encourage entrepreneurship?
Information revolution
Changing demographics
Technological advances
Government bureaucracy
Jenny started her business one year ago. The business failed. As a typical entrepreneur, what will Jenny MOST likely do?
Go to work for a major corporation
Try to learn from her failed venture
Give up becoming a successful entrepreneur
Spend the rest of her life wondering what happened to her business
Which of the following factors distinguishes an entrepreneur from a traditional small business owner?
Wealth
Ability to innovate
Number of start-ups
Employment status
Which of the following BEST describes an entrepreneur when starting or expanding a business?
Opportunist
Angel funder
Venture capitalist
Calculated risk taker
An individual who is in the process of starting a new venture for the first time is described as a
novice entrepreneur
serial entrepreneur
nascent entrepreneur
habitual entrepreneur
Which of the following is a driving force behind contemporary entrepreneurship?
Globalization
Demographic stability
Stagnation in innovation
Decreasing consumption
Which of the following BEST describes an entrepreneur?
Has a strong desire to achieve and is innovative
Recognizes opportunities but sacrifices them
Has the urge to keep a product in the existing market
Has a strong desire for money but does not go after it
Entrepreneurship involves the management of
processes, people and growth
global economies, people and growth
global economies, processes and growth
Government bureaucracy
people, processes and regional economies
“Creative destruction is the process whereby products, processes, ideas and businesses are replaced with better ones.” Which of the following theorists made this proposition?
Peter Drucker
Jean Baptiste Say
Richard Cantillon
Joseph Schumpeter
Which of the following is central to the concept of entrepreneurship?
Financing
Stabilization
Manufacturing
Innovation
Gender can constitute a barrier to the development of entrepreneurship when
venture financing availability is based on one’s gender
venture capitalists invest in multiple ventures
both men and women are free to access venture capital
both men and women are given the same level of entrepreneurial training
Which of the following is a KEY characteristic for a successful entrepreneur?
Ability to work hard
Technical skills
Access to personal money
Eye for an opportunity
An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business
Serial entrepreneur
Novice entrepreneur
Habitual entrepreneur
Portfolio entrepreneur
An entrepreneur who creates, starts and sells ventures
Serial entrepreneur
Novice entrepreneur
Habitual entrepreneur
Portfolio entrepreneur
