Understanding Entrepreneurship
14 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is NOT a characteristic of successful entrepreneurs?

  • They lack focus (correct)
  • They start with a plan
  • They persevere
  • They have a clear vision

What is the first step in becoming an entrepreneur?

  • Identify a problem (correct)
  • Raise money
  • Expand your formal and informal education
  • Reach financial stability

Which of the following is NOT listed as a skill every entrepreneur should have?

  • Financial management skills
  • Marketing skills (correct)
  • Communication and listening skills
  • Critical thinking skills

What type of entrepreneurship involves starting a small business?

<p>Small Business Entrepreneurship (B)</p> Signup and view all the answers

Which of the following is NOT listed as a step in becoming an entrepreneur?

<p>Hire employees (B)</p> Signup and view all the answers

What does the term 'hustler entrepreneurship' refer to?

<p>Starting a business with limited resources (A)</p> Signup and view all the answers

What should entrepreneurs do before expanding their business?

<p>Reach financial stability (C)</p> Signup and view all the answers

Entrepreneurship involves working for someone else in a corporate job.

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

Entrepreneurs must start with a grandiose plan to succeed.

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

To become an entrepreneur, you don't need to identify and solve a problem.

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

Financial stability is not important for entrepreneurs.

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

Critical thinking skills are not necessary for entrepreneurs.

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

Innovative Entrepreneurship is one of the 7 types of entrepreneurship mentioned.

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

Hustler Entrepreneurship refers to entrepreneurs who avoid hard work and shortcuts.

<p>False (B)</p> Signup and view all the answers
Use Quizgecko on...
Browser
Browser