AACSB: Reflective Thinking - Personal Characteristics for Successful Entrepreneurs
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Questions and Answers

What is one of the common myths about entrepreneurs according to the text?

  • Entrepreneurs should be young and energetic. (correct)
  • Entrepreneurs are detail-oriented.
  • Entrepreneurs have minimal risk aversion.
  • Entrepreneurs are perfectionists.
  • Which trait was NOT identified in the textbook as common among entrepreneurs?

  • Self-starter
  • Pessimistic disposition (correct)
  • Lengthy attention span
  • Tolerant of ambiguity
  • What is a characteristic commonly associated with entrepreneurs?

  • Short-sightedness
  • Intolerance of uncertainty
  • Tenacity (correct)
  • Tendency to avoid risks
  • Which of the following is NOT listed as a common myth regarding entrepreneurship?

    <p>Entrepreneurs dislike challenges</p> Signup and view all the answers

    Entrepreneurs are characterized by their approach to risk as ________.

    <p>Moderate risk takers</p> Signup and view all the answers

    Which aspect was identified in the text as part of the successful entrepreneur mix of characteristics?

    <p>Being tenacious</p> Signup and view all the answers

    What is the number one characteristic shared by successful entrepreneurs according to the text?

    <p>Passion for the business</p> Signup and view all the answers

    Which of the following is NOT one of the four main characteristics of successful entrepreneurs as described in the text?

    <p>Financial acumen</p> Signup and view all the answers

    What does the text suggest is a defining characteristic of successful entrepreneurs related to products and customers?

    <p>Product/customer focus</p> Signup and view all the answers

    Why do successful entrepreneurs need tenacity despite failure according to the text?

    <p>To overcome setbacks and failures associated with trying something new</p> Signup and view all the answers

    Which characteristic of successful entrepreneurs mentioned in the text relates to their ability to persevere through setbacks and failures?

    <p>Tenacity despite failure</p> Signup and view all the answers

    What is described as the fourth characteristic of successful entrepreneurs in the text?

    <p>Execution intelligence</p> Signup and view all the answers

    Based on the provided information, which candidate has a mix of personal characteristics that align with being a successful entrepreneur?

    <p>Candidate A: visionary, energetic, moderate risk taker</p> Signup and view all the answers

    Which of the following is NOT a personality trait or characteristic commonly found among entrepreneurs?

    <p>Short attention span</p> Signup and view all the answers

    What is one of the common myths regarding entrepreneurship according to the text?

    <p>Entrepreneurs have a short attention span</p> Signup and view all the answers

    Which age range has the highest percentage of entrepreneurs according to the information provided?

    <p>40 to 49</p> Signup and view all the answers

    Which of the following traits is commonly associated with successful entrepreneurs?

    <p>Tolerant for ambiguity</p> Signup and view all the answers

    What is a key characteristic of entrepreneurs, based on the text?

    <p>Achievement-motivated</p> Signup and view all the answers

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