After the good feedback I got from my last "Financial Knowledge Quiz", I'm running an "Entrepreneurship Contest" in the form of a 10-question true or false quiz. I encourage you all to participate in this contest. It's fun, easy and a good chance to test your entrepreneurial readiness. If you want to start your own business or even use the Steemit platform to generate enough income to pay your bills, I encourage you to test your knowledge and your current paradigm about what entrepreneurship is though submitting an entry for this quiz. Even if you don't currently know the answers to the questions included in the following "Entrepreneurship Quiz", I still encourage you to find out the answers through searching the net, looking up answers in some of the books you have or just ask some of your entrepreneurs contacts.
Contest Rules:
Upvote this post
Go through the following entrepreneurship quiz and record the answers of the 10 questions in one comment in the comment section below. (Example: 1.a 2.b 3.a ...etc)
You have to answer all 10 question. Any question(s) not answered will disqualify you from winning this contest.
The deadline for submitting your answers is the end of the life time of this post; i.e: 7 days from the start of this post.
You don't have to resteem this post
There is no limit on the number of people winning this contest. All those who get all the 10 correct answers will win the rewards described in the coming section.
Contest Rewards:
As I mentioned in the point number (6) in the Contest Rules, there is no limit to the number of winners. Anyone and everyone who gets all the 10 questions answered correctly, will win 1 SBD transferred to his/her Steemit wallet after the end of the lifetime of this post (after 7 days). If one or more questions have a wrong answer, the person submitting such entry will not be considered a winner even if he/she gets other questions answered correctly. Deeming an answer to be correct or wrong is based on the entrepreneurship "best practices" and common literature about the subject and will be judged by myself. Remember, you have to have all 10 correct answers for the 10 questions.
1.To be called an "entrepreneur" you need to have started a business and to be working full time running and managing this business.
a. True
b. False
2.The entrepreneurship spirit can NOT be cultivated or developed. You either have it or you don't.
a. True
b. False
3.To be a true entrepreneur, you need to start a business with the capital paid fully from your own money.
a. True
b. False
4.Entrepreneurs enjoy gambling since they consider it to be the highest form of risk and hence comes with the highest returns.
a. True
b. False
5.A successful and experienced entrepreneur doesn't need to go through "feasibility studies" to evaluate a new business opportunity since they have refined business sense and advanced gut feeling.
a. True
b. False
6.If you are an analytically-oriented, organized, logical and numbers / facts person, it is very natural for your to start your own business.
a. True
b. False
7.It's not natural for an entrepreneur to have partners sharing ownership in any business, since he/she is usually characterized by being a solo-decision maker.
a. True
b. False
8.When choosing a business idea to start a company, an entrepreneur should only choose areas he/she is really experienced in and competent at, otherwise, the business will not succeed.
a. True
b. False
9.Entrepreneurs are not sales people. They are managers and business owners and if they choose good businesses, those business sell themselves.
a. True
b. False
10.If you were not an entrepreneur early on in your life, like in your early 20s, it's very hard for you to be an entrepreneur after that. You can think about it, talk about it, learn about it and even teach it, but you can't live a life of an entrepreneur in the later years of your life.
a. True
b. False
