Entrepreneurship Quiz 1

Entrepreneurship Quiz

True/False. Analyze the following statements.  If the statement is true, circle T.  If the statement is false, circle F. 

1.  T/F  Successful entrepreneurs do not have to be passionate about their business.

2.  T/F  Entrepreneurs assume financial risk for their business or enterprise.

3.  T/F  Most entrepreneurs have to overcome many setbacks and failures.

4.  T/F  The need for entrepreneurs is not great. 

5.  T/F  To be a successful entrepreneur, you must have confidence.

6.  T/F  Successful entrepreneurs are not self-determined.

Multiple Choice:  Select and circle only the best answer. 

7. Which characteristic is not reflective of a successful entrepreneur?  

a.) Self-conscious 

b.) Self-determination

c.) Innovative

d.) Creative 

8. Who can be an entrepreneur?

a.) Only the wealthy

b.) People over 40 years-old

c.) People who go to college

d.) Anyone 

9. An entrepreneur developed which of the following?

a.) Computer operating system

b.) Facebook

c.) Ice cream

d.) All of the above

Fill in the blank.

10. _____________ dropped out of Harvard University and is responsible for the creation of Facebook.

11. _____________ is a person who identifies and pursues a market opportunity in the face of risk which may result in new businesses, products or services.

12. One local entrepreneur is_________________, and their business involves 13______________.

14. An entrepreneur must be willing to take _____.

Short Answer:

15. Define entrepreneurship.

16-21. List the 6 main characteristics of a successful entrepreneur.