Characteristics of Entrepreneurs Quiz
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Questions and Answers

What is a potential drawback of entrepreneurship according to the text?

  • Low levels of stress
  • Predictable income
  • Limited working hours
  • High levels of stress (correct)

Which characteristic is associated with entrepreneurs in the text?

  • Preference for a fixed schedule
  • Love for routine work
  • Avoiding challenges
  • Embracing uncertainty (correct)

What is emphasized as essential for spotting entrepreneurial opportunities in the text?

  • Taking time to play (correct)
  • Avoiding creative thinking
  • Identifying existing resources only
  • Ignoring what is missing

Which factor fuels the entrepreneurial fire according to the text?

<p>Technological advancements (A)</p> Signup and view all the answers

What does the text suggest about entrepreneurship and income?

<p>Uncertainty of income in entrepreneurship (D)</p> Signup and view all the answers

Which aspect is highlighted as a benefit of owning a small business?

<p>Reaping impressive profits (B)</p> Signup and view all the answers

What percentage of businesses in the U.S. are classified as small businesses?

<p>99.7% (A)</p> Signup and view all the answers

Which of the following statements about small businesses is true?

<p>They account for a minority of the nation's total private payroll. (C)</p> Signup and view all the answers

Which characteristic is NOT associated with small businesses in the text?

<p>Accounting for the majority of business sales in the U.S. (B)</p> Signup and view all the answers

What percentage of new companies fail within the first 5 years?

<p>52% (D)</p> Signup and view all the answers

Which of the following statements about entrepreneurs is true, based on the information provided?

<p>They view failure as a natural part of the creative process. (A)</p> Signup and view all the answers

Based on the information provided, which of the following statements is true regarding small businesses and innovation?

<p>Small businesses produce 16.5 times more patents per employee than large companies. (D)</p> Signup and view all the answers

Which of the following is NOT considered a characteristic of entrepreneurs according to the text?

<p>Desire for power and control (D)</p> Signup and view all the answers

What does the text say about the diversity of entrepreneurs?

<p>Anyone, regardless of age, race, gender, etc. can become an entrepreneur (C)</p> Signup and view all the answers

What is the relationship between creativity and innovation?

<p>Creativity is the ability to develop new ideas, while innovation is the ability to apply those ideas. (C)</p> Signup and view all the answers

What is the key message about entrepreneurship in the text?

<p>Entrepreneurship is a skill that can be learned and developed. (A)</p> Signup and view all the answers

Which of the following is not a suggested way to spot entrepreneurial opportunities according to the text?

<p>Invest in the stock market (C)</p> Signup and view all the answers

What does the text say about the value of achievement over money for entrepreneurs?

<p>Entrepreneurs value achievement over money as a measure of success. (B)</p> Signup and view all the answers

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