Entrepreneurship Essentials
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Questions and Answers

Which of the following is a key characteristic of entrepreneurship?

  • Lack of innovation
  • Opportunity identification (correct)
  • Risk aversion
  • Reliance on others for decision making

What is the main goal of entrepreneurship?

  • Avoiding financial risks
  • Maximizing personal leisure time
  • Creating value and wealth (correct)
  • Maintaining the status quo

Which of the following is a common challenge faced by entrepreneurs?

  • Excessive government regulation
  • High job security
  • Lack of competition
  • Limited access to resources (correct)

Which of the following is a key skill required for entrepreneurship?

<p>Creativity (C)</p> Signup and view all the answers

What is one advantage of entrepreneurship?

<p>Financial independence (D)</p> Signup and view all the answers

What is one common risk associated with entrepreneurship?

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

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