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Questions and Answers
What are the three main reasons people decide to become entrepreneurs?
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?
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?
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?
What are the three types of start-up firms described in the text?
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Which of the following is NOT a characteristic of entrepreneurial firms?
Which of the following is NOT a characteristic of entrepreneurial firms?
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