BUSAD 101 - Introduction to Business » Fall 2020 » Chapter 6 Quiz

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Question #1
_____ focus on solving society’s challenges through their businesses.
A.   Social entrepreneurs
B.   Classic entrepreneurs
C.   Change agents
D.   A typical entrepreneurs
Question #2
Sophia is the CEO of a not-for-profit organization. She runs the organization to provide quality education for the underprivileged children. Sophia is most likely to be categorized as a:
A.   lifestyle entrepreneur.
B.   serial entrepreneur.
C.   social entrepreneur.
D.   classic entrepreneur.
Question #3
The primary reasons people become entrepreneurs include all of the following reasons EXCEPT:
A.   to achieve financial success.
B.   to avoid taking risks.
C.   to create one’s own job security.
D.   to be one’s own boss.
Question #4
Entrepreneurs enjoy guaranteed job security because no one can fire them.
A.   FALSE
B.   TRUE
Question #5
Nina started her own business because she was tired of worrying about corporate downsizing despite her highly positive annual reviews. This is a common motivation for becoming an entrepreneur.
A.   FALSE
B.   TRUE
Question #6
A lifestyle entrepreneur is a person who starts a business to gain flexibility in work hours and control over his or her life.
A.   TRUE
B.   FALSE
Question #7
Desire for improved quality of life is often a motivation for becoming an entrepreneur.
A.   FALSE
B.   TRUE

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