Entrepreneurship

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Questions and Answers

Which of the following is NOT a characteristic of an entrepreneur?

  • Persistent
  • Procrastinating (correct)
  • Risk-Taking
  • Goal-oriented

What is one of the rewards of entrepreneurship?

  • Having a boss
  • Lack of creativity
  • Doing what you enjoy (correct)
  • Working for someone else

What is one of the challenges of entrepreneurship?

  • High success rate
  • Inadequate financial planning (correct)
  • Getting funds to start the business
  • Having limited responsibility

Which of the following is NOT an advantage of a sole proprietorship?

<p>Limited liability (B)</p> Signup and view all the answers

Which of the following is an example of a sole proprietorship?

<p>A local grocery store (B)</p> Signup and view all the answers

Which form of ownership is the most popular when compared to partnerships and corporations?

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

Which of the following is a disadvantage of a sole proprietorship?

<p>Lack of resources (B)</p> Signup and view all the answers

Which of the following is an example of a sole proprietorship?

<p>Freelance writer (D)</p> Signup and view all the answers

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