Characteristics of Entrepreneurs Quiz

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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?

Technological advancements Signup and view all the answers

What does the text suggest about entrepreneurship and income?

Uncertainty of income in entrepreneurship Signup and view all the answers

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

Reaping impressive profits Signup and view all the answers

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

99.7% Signup and view all the answers

Which of the following statements about small businesses is true?

They account for a minority of the nation's total private payroll. Signup and view all the answers

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

Accounting for the majority of business sales in the U.S. Signup and view all the answers

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

52% Signup and view all the answers

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. Signup and view all the answers

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. Signup and view all the answers

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

Desire for power and control Signup and view all the answers

What does the text say about the diversity of entrepreneurs?

Anyone, regardless of age, race, gender, etc. can become an entrepreneur Signup and view all the answers

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. Signup and view all the answers

What is the key message about entrepreneurship in the text?

Entrepreneurship is a skill that can be learned and developed. Signup and view all the answers

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

Invest in the stock market Signup and view all the answers

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

Entrepreneurs value achievement over money as a measure of success. Signup and view all the answers