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Introduction to Entrepreneurship

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The word entrepreneur means "to enjoy money".

a)

True

b)

False

2.

Entrepreneurship means a process which individuals pursue _______ regardless the resources they have.

a)

opportunities

b)

risk

c)

passion

d)

goals

3.

The following are the different types of entrepreneurs, except:

a)

Mega entrepreneurs

b)

Macro entrepreneurs

c)

Micro entrepreneurs

d)

Intrapreneurs

4.

One of the reason to become an entrepreneur is ________:

a)

to be flexible in working hours

b)

pursue one's own ideas

c)

to earn extra money after working hours

d)

to enjoy the hobbies.

5.

Which of the following is a characteristics of successful entrepreneurs?

a)

To translate creativity into dreams

b)

self -focus to achieve goal

c)

tenacity despite failure

d)

passion for money

6.

A startup firm that establishes a firm to enjoy income that he or she would earn in traditional jobs is ________.

a)

salary-substitute firms

b)

lifestyle firms

c)

entrepreneurial firms

d)

all of the above

7.

The following are reasons why passion is important for successful entrepreneurial organization, except:

a)

The ability to learn and iterate

b)

A willingness to work smart

c)

Ability to overcome setbacks

d)

Perseverance and persistence makes entrepreneurs to get through tough times

8.

Entrepreneurship is important because:

a)

Generate wealth for the economy

b)

Increase poverty rate

c)

Destroy conventional jobs

d)

Creates opportunities for underground economy

9.

Intrapreneurs is someone who works outside of the company and contributes viable idea for business expansion.

a)

True

b)

False

10.

Entrepreneur is someone who can execute an idea into a successful business.

a)

True

b)

False