AACSB: Reflective Thinking - Personal Characteristics for Successful Entrepreneurs

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?

Entrepreneurs dislike challenges Signup and view all the answers

Entrepreneurs are characterized by their approach to risk as ________.

Moderate risk takers Signup and view all the answers

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

Being tenacious Signup and view all the answers

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

Passion for the business 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?

Financial acumen Signup and view all the answers

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

Product/customer focus Signup and view all the answers

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

To overcome setbacks and failures associated with trying something new 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?

Tenacity despite failure Signup and view all the answers

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

Execution intelligence 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?

Candidate A: visionary, energetic, moderate risk taker Signup and view all the answers

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

Short attention span Signup and view all the answers

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

Entrepreneurs have a short attention span Signup and view all the answers

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

40 to 49 Signup and view all the answers

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

Tolerant for ambiguity Signup and view all the answers

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

Achievement-motivated Signup and view all the answers