Entrepreneurship Learning Objectives
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Questions and Answers

What are the three main reasons people decide to become entrepreneurs?

  • Desire for independence, opportunity for creativity, and potential for social impact
  • Desire for stability, potential for financial gain, and opportunity for innovation
  • Desire for power, potential for financial gain, and opportunity for travel
  • Desire for independence, opportunity for innovation, and potential for financial gain (correct)
  • Which of the following is NOT a common myth regarding entrepreneurship?

  • Entrepreneurs work long hours
  • Entrepreneurs are born, not made
  • Entrepreneurs have a high chance of success (correct)
  • Entrepreneurs are risk-takers
  • What are the four main characteristics of successful entrepreneurs?

  • Creativity, risk-taking, persistence, and leadership (correct)
  • Creativity, problem-solving, persistence, and decision-making
  • Risk-taking, persistence, communication, and decision-making
  • Creativity, problem-solving, communication, and leadership
  • What are the three types of start-up firms described in the text?

    <p>Lifestyle businesses, scalable start-ups, and social enterprises</p> Signup and view all the answers

    Which of the following is NOT a characteristic of entrepreneurial firms?

    <p>Highly structured and hierarchical</p> Signup and view all the answers

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