Entrepreneurship

Exercise 1: True or false question

1.

2.

Many people view entrepreneurship as a less attractive career path.

True / false

According Adam Smith, an entrepreneur is a person who acts as an agent in

transforming demand into supply.
True / false
3.

The word entrepreneur comes from the French word entreprendre which
describes people who take no risk.
True / false

4.
Firm with an entrepreneurial spirit are proactive, innovative and risk
taking.
True / false
5.
Entrepreneur perceives and exploits profit opportunities by introducing
innovative, new and unique products and services.
True / false
6.
People kick-start their own business to pursue financial reward but this
motivation is normally secondary.
True / false
7.
The success of an entrepreneur depends heavily on the tendency to wait and
see existing opportunities.
True / false
8.

Entrepreneurship
An entrepreneur has to be open and sometimes close minded to the
changing environment.
True / false
9.
An entrepreneur always looks for and takes action on opportunities and
threats.
True / false
10.
An entrepreneur places the highest priority on getting a task completed.
True / false
11.
A successful entrepreneur has a strong belief in himself and his own
abilities.
True / false
12.
Investors are looking for entrepreneurs who are committed to their business
ideas.
True / false

13.
It is a myth that the age range for early stage entrepreneurial activity is from
35 to 45 years old
True / false
14.

Entrepreneurship
The majority of the entrepneurs love the spotlight.
True / false

15.
An entrepreneur must yield product that can at least satisfy customer need
and wants.
True / false
16.
Entrepreneurs are normally trying out something new and the failure rate is
naturally low.
True / false
17.
An entrepreneur will face problems and issues with other indirectly.
True / false
18.
Entrepreneurs are usually moderate risk takers.
True / false
19.
For many entrepreneurs, the hardest times they face are shortly after they
have launched their business.
True / false

Entrepreneurship
20.
A successful entrepreneurs always finds ways to do thing faster, using fewer
re-sources or at lower cost.
True / false