Entrepreneurship Chapter 1 Quiz: Introduction & Characteristics

FelicitousWoodland avatar

Start Quiz

Study Flashcards

12 Questions

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?


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?


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

Start-up firms

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

Global Entrepreneurship Monitor

According to the academic definition, what is entrepreneurship?

The process by which individuals pursue opportunities without regard to resources they currently control

What is corporate entrepreneurship?

The conceptualization of entrepreneurship at the firm level

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

Desire for job security

What is the number one characteristic shared by successful entrepreneurs?

Passion for the business

Which of the following statements about entrepreneurial firms is true?

They are proactive and innovative

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

The belief that the business will positively influence people's lives

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.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...