18 Questions
What is a potential drawback of entrepreneurship according to the text?
High levels of stress
Which characteristic is associated with entrepreneurs in the text?
Embracing uncertainty
What is emphasized as essential for spotting entrepreneurial opportunities in the text?
Taking time to play
Which factor fuels the entrepreneurial fire according to the text?
Technological advancements
What does the text suggest about entrepreneurship and income?
Uncertainty of income in entrepreneurship
Which aspect is highlighted as a benefit of owning a small business?
Reaping impressive profits
What percentage of businesses in the U.S. are classified as small businesses?
99.7%
Which of the following statements about small businesses is true?
They account for a minority of the nation's total private payroll.
Which characteristic is NOT associated with small businesses in the text?
Accounting for the majority of business sales in the U.S.
What percentage of new companies fail within the first 5 years?
52%
Which of the following statements about entrepreneurs is true, based on the information provided?
They view failure as a natural part of the creative process.
Based on the information provided, which of the following statements is true regarding small businesses and innovation?
Small businesses produce 16.5 times more patents per employee than large companies.
Which of the following is NOT considered a characteristic of entrepreneurs according to the text?
Desire for power and control
What does the text say about the diversity of entrepreneurs?
Anyone, regardless of age, race, gender, etc. can become an entrepreneur
What is the relationship between creativity and innovation?
Creativity is the ability to develop new ideas, while innovation is the ability to apply those ideas.
What is the key message about entrepreneurship in the text?
Entrepreneurship is a skill that can be learned and developed.
Which of the following is not a suggested way to spot entrepreneurial opportunities according to the text?
Invest in the stock market
What does the text say about the value of achievement over money for entrepreneurs?
Entrepreneurs value achievement over money as a measure of success.
Test your knowledge on the key characteristics of entrepreneurs, including high energy levels, competitiveness, future orientation, and commitment to achievement. Learn about traits like tolerance for ambiguity, flexibility, and tenacity.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
