Entrepreneurship — Quiz

Question 1

An entrepreneur’s first business fails, but their second attempt at the business is succeeding. You can assume that

Revolt · Accepted Answer

they learned from their mistakes.

Question 2

What is a main reason why entrepreneurs experience daily stress?

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They have considerable responsibility.

Question 3

An entrepreneur must accept being accountable for the failure of the company because the entrepreneur is

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responsible for organizing the business.

Question 4

What is one purpose of writing a business plan before entering the market?

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to have a useful tool when applying for funding

Question 5

What is one way for an entrepreneur to decrease risk?

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by creating a strong business strategy

Question 6

What must an entrepreneur assume when starting a business?

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that clever market strategies may still fail to sell a product

Question 7

An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?

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an ability to learn from mistakes

Question 8

What must an entrepreneur do after creating a business plan?

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finance the business

Question 9

Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

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financial risk.

Question 10

A new business should be based on an entrepreneur's individual interests because the entrepreneur must

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dedicate as many hours as needed to the work.

Entrepreneurship — Quiz Answers