Entrepreneurship Chapter 1 Quiz: Introduction & Characteristics
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Entrepreneurship Chapter 1 Quiz: Introduction & Characteristics

Test your knowledge on Chapter 1 of 'Entrepreneurship: Successfully Launching New Ventures' focusing on the introduction to entrepreneurship, characteristics of entrepreneurial firms, reasons for becoming entrepreneurs, and characteristics of successful entrepreneurs.

Created by
@FelicitousWoodland

Questions and Answers

What percentage of Americans were actively engaged in starting a business or managing a business less than three years old according to the 2019/2020 GEM study?

17.4%

Which chapter of the book covers the introduction to entrepreneurship?

Chapter 1

What is one of the reasons discussed for why people decide to become entrepreneurs?

Desire for independence

How many main characteristics of successful entrepreneurs are identified in the text?

<p>Four</p> Signup and view all the answers

Which type of firms are discussed in Chapter 1 of the book?

<p>Start-up firms</p> Signup and view all the answers

What does GEM stand for in the context of the 2019/2020 study mentioned?

<p>Global Entrepreneurship Monitor</p> Signup and view all the answers

According to the academic definition, what is entrepreneurship?

<p>The process by which individuals pursue opportunities without regard to resources they currently control</p> Signup and view all the answers

What is corporate entrepreneurship?

<p>The conceptualization of entrepreneurship at the firm level</p> Signup and view all the answers

Which of the following is NOT one of the primary reasons for becoming an entrepreneur?

<p>Desire for job security</p> Signup and view all the answers

What is the number one characteristic shared by successful entrepreneurs?

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

Which of the following statements about entrepreneurial firms is true?

<p>They are proactive and innovative</p> Signup and view all the answers

What does the text suggest is the primary source of an entrepreneur's passion for the business?

<p>The belief that the business will positively influence people's lives</p> Signup and view all the answers

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