Entrepreneurship true or false questions


  • 125+ True or False Questions To Challenge Your Audience
  • Entrepreneurship
  • A person opting for one answer over another simply shows you what type of person they are, what they struggle with, what they prefer, etc. You enjoy engaging in social events with lots of people. Include this question in your quiz as a nod to the Myers-Briggs personality test. I worry about things. Keep statements like these simple to avoid confusion or uncertain answers. I think carefully before I say something. Or somewhere in between? Keep the results to a maximum of three types for these specific quizzes.

    Note how you can get more specific with a two-part question. I stay informed about how my beauty product purchases can support a green planet.

    A personality quiz for product recommendations? At the end, quiz-takers are redirected to a product that suits their personality, along with an offer. I make decisions based on logic. I appreciate it when someone gives me their undivided attention. How about a simple Language of Appreciation quiz? Correct answer: True This question is perfect to test general financial knowledge and personality traits. Use this question to segment savers and spenders. Correct answer: False.

    Exchange-traded funds ETFs are bundles of securities i. However, it will complicate the question-answer correlation process making the results less accurate. Your credit card could carry high finance charges, making it extremely difficult to get out of debt if you only make the minimum payment. This will ensure the quiz is informative and also lends you the opportunity to complement it with extra free materials.

    Buying a used car will help you minimize depreciation. I buy items whenever I feel like it. Pair these quizzes with actionable resources that quiz-takers can refer to if they truly want to make a change in the way they manage their income. I have enough money to cover my entertainment needs. Looking to create customer segments? Further, this question can help you differentiate between people who spend their money for instant gratification and those who save for long-term goals.

    You are secure with your annual income. This is a question to assess both financial wellbeing and potential career opportunities. I prepare a personal monthly or weekly budget. The stress of your personal finances is affecting your health. An entrepreneur owns, operates, and takes the risks of a business. Correct answer: True When people are merely beginning to contemplate a possible entrepreneurship career route, they might not fully grasp what that implies.

    Use this to recommend a career path while also educating people on what the entrepreneurial life is like and what skills are needed. This question helps guide people toward the right path and opens their eyes to potential problems they might not have considered before. I invite people to share their ideas and then I consider them carefully to create an environment where everyone feels valued.

    Diversity at work is another important topic to cover. Use this question on productivity, time management, employee wellness, or advocacy quizzes. Taking risks is something most people are afraid of when contemplating starting their own business. In fact, risk-avoidance is the reason why many give up before even starting their ventures.

    This is a perfect opportunity for you to showcase your expertise in the field and promote your consultation services. I give my team the opportunity to find a solution themselves before offering my input. Are you looking for a crossover between a personality quiz and a leadership quiz? Looking to empower specific segments? I often feel depleted. We have a regular content schedule and we stick to it. A Pinterest tag is a code inserted on your website to track conversions and build audiences to reach valuable customers on Pinterest.

    Correct answer: True. There are several apps and services to give you insights into how your competitors run their email campaigns, from the special offers they give out to the reason they send specific newsletters.

    I feel overwhelmed with making our social media posts accessible to all. This is a free resource people can use to define their brand voice and build meaningful connections with their ideal clients. Readable URLs are better. Blogs build credibility and authority. I publicly share things that are unique to me as an individual.

    Are your clients commonly dealing with recurrent issues related to their brand? This complex statement will get people thinking about their current pricing and business strategies. I write strictly for pleasure. Provide resources and offer your services in the results. I find it difficult to write long-form blog posts without losing focus. I deal with conflict assertively.

    In this case, someone who agrees with the statement might find expressive writing to be therapeutic and energizing. Cutting your fat intake is good for your skin.

    Getting enough and the right combination! I deal with stress by going to the gym or taking a walk. If a type 1 diabetic stays on top of their diet, insulin is not needed.

    If a type 1 diabetic does not take insulin, they will die. However, a type 2 diabetic can control their diabetes in most cases with diet and exercise. Edit it for the specific challenges you work with. I have stopped doing things I enjoy because of a fear of falling. Differentiate your personal brand from that of competitors by tapping into uncommon problems.

    Maintaining physical fitness requires major lifestyle changes. Fitness can be achieved through small changes in what you eat and how you move. Want the ultimate fitness and nutrition test? You can use it for years to come. You should warm-up before exercising. You should get screened for blood pressure at age You can get screened as early as 20 to prevent future problems. She mixes food-related questions with fitness and environment questions for quiz diversity.

    An adult should get their blood pressure checked at least once a year. Skipping sleep can cause weight gain. To prevent wrinkling, remove clothes from your dryer as soon as it stops. Correct answer: True All trends aside, how about a quiz full of tips people can apply to take care of themselves, their beauty products, or their clothes?

    Correct answer: True This question works well on quizzes that test beauty knowledge so you can offer beauty hacks and recommend resources and tutorials. Products are best absorbed when my hair is wet. Dry skin only happens in the winter. Heat can dry out your skin, especially if you live in a drier climate.

    The most sustainable fabric is cotton. Acne-prone skin is always oily. Breakouts happen on every skin type. All skin types are susceptible to clogged pores and pimples. I prefer bright colors. You can also use them on personality quizzes or for product recommendations. Correct answer: True Batman is a Marvel character. He is a DC character. Correct answer: True The Hulk is green because of a printer glitch. Correct answer: True Marilyn Manson was a child actor.

    He was never a child actor but he sometimes gets confused with Josh Saviano. At the end of the quiz or with a CTA button, recommend appropriate food plans or dietary changes to get your guides, recipes, videos, and consultation services in front of more prospects.

    An entrepreneur is an agent of change. Entrepreneurship is the process of discovering new ways of combining resources. When the market value generated by this new combination of resources is greater than the market value these resources can generate elsewhere individually or in some other combination, the entrepreneur makes a profit. An entrepreneur who takes the resources necessary to produce a pair of jeans that can be sold for thirty dollars and instead turns them into a denim backpack that sells for fifty dollars will earn a profit by increasing the value those resources create.

    Those prices will be equal to the value that the resources could create in their next-best alternate uses. Because the price of purchasing resources measures this opportunity cost — the value of the forgone alternatives—the profit entrepreneurs make reflects the amount by which they have increased the value generated by the resources under their control.

    Entrepreneurs who make a loss, however, have reduced the value created by the resources under their control; that is, those resources could have produced more value elsewhere. Losses mean that an entrepreneur has essentially turned a fifty-dollar denim backpack into a thirty-dollar pair of jeans. This error in judgment is part of the entrepreneurial learning, or discovery, process vital to the efficient operation of markets.

    The profit-and-loss system of capitalism helps to quickly sort through the many new resource combinations entrepreneurs discover. A vibrant, growing economy depends on the efficiency of the process by which new ideas are quickly discovered, acted on, and labeled as successes or failures. Just as important as identifying successes is making sure that failures are quickly extinguished, freeing poorly used resources to go elsewhere.

    This is the positive side of business failure. Successful entrepreneurs expand the size of the economic pie for everyone.

    Gates procured the software from another firm, essentially turning the thirty-dollar pair of jeans into a multibillion-dollar product. By making software that increases human productivity , Gates expanded our ability to generate output and income , resulting in a higher standard of living for all. Sam Walton, the founder of Wal-Mart, was another entrepreneur who touched millions of lives in a positive way. The first academic use of the word by an economist was likely in by Richard Cantillon, who identified the willingness to bear the personal financial risk of a business venture as the defining characteristic of an entrepreneur.

    In this manner, Mill provided a clearer distinction than Cantillon between an entrepreneur and other business owners such as shareholders of a corporation who assume financial risk but do not actively participate in the day-to-day operations or management of the firm. Two notable twentieth-century economists, Joseph Schumpeter and Israel Kirzner, further refined the academic understanding of entrepreneurship. Schumpeter stressed the role of the entrepreneur as an innovator who implements change in an economy by introducing new goods or new methods of production.

    In the Schumpeterian view, the entrepreneur is a disruptive force in an economy. Schumpeter emphasized the beneficial process of creative destruction , in which the introduction of new products results in the obsolescence or failure of others.

    The introduction of the compact disc and the corresponding disappearance of the vinyl record is just one of many examples of creative destruction: cars, electricity, aircraft, and personal computers are others. An example of such an entrepreneur would be someone in a college town who discovers that a recent increase in college enrollment has created a profit opportunity in renovating houses and turning them into rental apartments.

    Economists in the modern austrian school of economics have further refined and developed the ideas of Schumpeter and Kirzner. During the s and s, state and local governments across the United States abandoned their previous focus on attracting large manufacturing firms as the centerpiece of economic development policy and instead shifted their focus to promoting entrepreneurship.

    This same period witnessed a dramatic increase in empirical research on entrepreneurship. Some of these studies explore the effect of demographic and socioeconomic factors on the likelihood of a person choosing to become an entrepreneur. Others explore the impact of taxes on entrepreneurial activity. This literature is still hampered by the lack of a clear measure of entrepreneurial activity at the U.

    Scholars generally measure entrepreneurship by using numbers of self-employed people; the deficiency in such a measure is that some people become self-employed partly to avoid, or even evade, income and payroll taxes.

    Some studies find, for example, that higher income tax rates are associated with higher rates of self-employment. This counterintuitive result is likely explained by the higher tax rates encouraging more tax evasion through individuals filing taxes as self-employed.

    Economists have also found that higher taxes on inheritance are associated with a lower likelihood of individuals becoming entrepreneurs. Some empirical studies have attempted to determine the contribution of entrepreneurial activity to overall economic growth. The majority of the widely cited studies use international data, taking advantage of the index of entrepreneurial activity for each country published annually in the Global Entrepreneurship Monitor. These studies conclude that between one-third and one-half of the differences in economic growth rates across countries can be explained by differing rates of entrepreneurial activity.

    Similar strong results have been found at the state and local levels. Infusions of venture capital funding, economists find, do not necessarily foster entrepreneurship. Capital is more mobile than labor, and funding naturally flows to those areas where creative and potentially profitable ideas are being generated.

    This means that promoting individual entrepreneurs is more important for economic development policy than is attracting venture capital at the initial stages. While funding can increase the odds of new business survival, it does not create new ideas. Funding follows ideas, not vice versa. One of the largest remaining disagreements in the applied academic literature concerns what constitutes entrepreneurship. Should a small-town housewife who opens her own day-care business be counted the same as someone like Bill Gates or Sam Walton?

    If not, how are these different activities classified, and where do we draw the line? Lifestyle entrepreneurs open their own businesses primarily for the nonmonetary benefits associated with being their own bosses and setting their own schedules.

    Gazelle entrepreneurs often move from one start-up business to another, with a well-defined growth plan and exit strategy. While this distinction seems conceptually obvious, empirically separating these two groups is difficult when we cannot observe individual motives. This becomes an even greater problem as researchers try to answer questions such as whether the policies that promote urban entrepreneurship can also work in rural areas.

    Researchers on rural entrepreneurship have recently shown that the Internet can make it easier for rural entrepreneurs to reach a larger market. Because, as Adam Smith pointed out, specialization is limited by the extent of the market, rural entrepreneurs can specialize more successfully when they can sell to a large number of online customers. Because the early research on entrepreneurship was done mainly by noneconomists mostly actual entrepreneurs and management faculty at business schools , the prevailing belief was that new government programs were the best way to promote entrepreneurship.

    Among the most popular proposals were government-managed loan funds, government subsidies, government-funded business development centers, and entrepreneurial curriculum in public schools. These programs, however, have generally failed. Government-funded and -managed loan funds, such as are found in Maine, Minnesota, and Iowa, have suffered from the same poor incentives and political pressures that plague so many other government agencies.

    My own recent research, along with that of other economists, has found that the public policy that best fosters entrepreneurship is economic freedom. This relationship holds whether the countries studied are economies moving out of socialism or economies of OECD countries. Figure 1 shows the strength of this relationship among OECD countries. The dashed line in the figure shows the positive relationship between economic freedom and entrepreneurial activity. When other demographic and socioeconomic factors are controlled for, the relationship is even stronger.

    This finding is consistent with the strong positive correlation between economic freedom and the growth of per capita income that other researchers have found. One reason economic freedom produces economic growth is that economic freedom fosters entrepreneurial activity. Entrepreneurs, note Baumol and Boettke, are present in all societies. In government-controlled societies, entrepreneurial people go into government or lobby government, and much of the government action that results—tariffs, subsidies, and regulations, for example—destroys wealth.

    In economies with limited governments and rule of law, entrepreneurs produce wealth. The recent academic research on entrepreneurship shows that, to promote entrepreneurship, government policy should focus on reforming basic institutions to create an environment in which creative individuals can flourish. That environment is one of well-defined and enforced property rights, low taxes and regulations, sound legal and monetary systems, proper contract enforcement, and limited government intervention.

    About the Author Russell S. Economic Freedom of the World: Annual Report. Vancouver: Fraser Institute, Hughes, Jonathan R. New York: Oxford University Press, Kirzner, Israel M. Competition and Entrepreneurship. Chicago: University of Chicago Press, Lee, Dwight R. Reynolds, Paul D. Michael Camp. Global Entrepreneurship Monitor. Kansas City, Mo. Rosenberg, Nathan, and L. Birdzell Jr. How the West Grew Rich. New York: Basic Books, Schumpeter, Joseph A.

    Capitalism, Socialism, and Democracy. New York: Harper, The Theory of Economic Development. Cambridge: Harvard University Press, Zacharakis, Andrew L. Bygrave, and Dean A. Advanced Bates, Timothy. Baumol, William J. Princeton: Princeton University Press, Blanchflower, David G. Blau, David M. Blomstrom, Magnus, Robert E.

    Looking to create customer segments? Further, this question can help you differentiate between people who spend their money for instant gratification and those who save for long-term goals. You are secure with your annual income. This is a question to assess both financial wellbeing and potential career opportunities. I prepare a personal monthly or weekly budget.

    The stress of your personal finances is affecting your health. An entrepreneur owns, operates, and takes the risks of a business. Correct answer: True When people are merely beginning to contemplate a possible entrepreneurship career route, they might not fully grasp what that implies. Use this to recommend a career path while also educating people on what the entrepreneurial life is like and what skills are needed.

    This question helps guide people toward the right path and opens their eyes to potential problems they might not have considered before.

    I invite people to share their ideas and then I consider them carefully to create an environment where everyone feels valued. Diversity at work is another important topic to cover.

    Use this question on productivity, time management, employee wellness, or advocacy quizzes. Taking risks is something most people are afraid of when contemplating starting their own business. In fact, risk-avoidance is the reason why many give up before even starting their ventures. This is a perfect opportunity for you to showcase your expertise in the field and promote your consultation services. I give my team the opportunity to find a solution themselves before offering my input.

    Are you looking for a crossover between a personality quiz and a leadership quiz? Looking to empower specific segments?

    I often feel depleted. We have a regular content schedule and we stick to it.

    125+ True or False Questions To Challenge Your Audience

    A Pinterest tag is a code inserted on your website to track conversions and build audiences to reach valuable customers on Pinterest. Correct answer: True. There are several apps and services to give you insights into how your competitors run their email campaigns, from the special offers they give out to the reason they send specific newsletters.

    I feel overwhelmed with making our social media posts accessible to all. This is a free resource people can use to define their brand voice and build meaningful connections with their ideal clients. Readable URLs are better. Blogs build credibility and authority.

    I publicly share things that are unique to me as an individual. Are your clients commonly dealing with recurrent issues related to their brand? This complex statement will get people thinking about their current pricing and business strategies. I write strictly for pleasure.

    Provide resources and offer your services in the results. I find it difficult to write long-form blog posts without losing focus. I deal with conflict assertively. In this case, someone who agrees with the statement might find expressive writing to be therapeutic and energizing. Cutting your fat intake is good for your skin. Getting enough and the right combination! I deal with stress by going to the gym or taking a walk.

    If a type 1 diabetic stays on top of their diet, insulin is not needed.

    Entrepreneurship

    If a type 1 diabetic does not take insulin, they will die. However, a type 2 diabetic can control their diabetes in most cases with diet and exercise. Edit it for the specific challenges you work with. I have stopped doing things I enjoy because of a fear of falling.

    Differentiate your personal brand from that of competitors by tapping into uncommon problems. Maintaining physical fitness requires major lifestyle changes. Fitness can be achieved through small changes in what you eat and how you move. Want the ultimate fitness and nutrition test? You can use it for years to come.

    You should warm-up before exercising. You should get screened for blood pressure at age You can get screened as early as 20 to prevent future problems. She mixes food-related questions with fitness and environment questions for quiz diversity. An adult should get their blood pressure checked at least once a year. Skipping sleep can cause weight gain. To prevent wrinkling, remove clothes from your dryer as soon as it stops. Correct answer: True All trends aside, how about a quiz full of tips people can apply to take care of themselves, their beauty products, or their clothes?

    Correct answer: True This question works well on quizzes that test beauty knowledge so you can offer beauty hacks and recommend resources and tutorials. Products are best absorbed when my hair is wet. Dry skin only happens in the winter. Heat can dry out your skin, especially if you live in a drier climate. The most sustainable fabric is cotton.

    Acne-prone skin is always oily. Breakouts happen on every skin type. All skin types are susceptible to clogged pores and pimples. I prefer bright colors. You can also use them on personality quizzes or for product recommendations. Correct answer: True Batman is a Marvel character.

    He is a DC character. Correct answer: True The Hulk is green because of a printer glitch. Correct answer: True Marilyn Manson was a child actor. He was never a child actor but he sometimes gets confused with Josh Saviano. At the end of the quiz or with a CTA button, recommend appropriate food plans or dietary changes to get your guides, recipes, videos, and consultation services in front of more prospects.

    Fresh fruit is a healthier daily dietary choice than dried fruit. I cook most of my meals at home. I am fearful of events involving food. While a certain type of diet or meal plan might work for some people, every individual has different dietary requirements. Lentil, beans, and peas are a good source of vegan protein. I check for GMOs or organic labels when buying food at the grocery store.

    Are you a supporter of a diverse diet? Go over the research on controversial topics and help people understand the truth. Leafy greens are some of the most nutritionally dense vegetables you can eat. A business training opportunity No. An action that intentionally places a person or thing in a dangerous situation This is one possible meaning of risk, but it falls outside of the context of the IENT course.

    A competitive advantage is created by customer loyalty No, a competitive advantage may result in customer loyalty, but loyalty in itself does not create an advantage. Competitive advantage is generated by working closely with your business competitors on innovation Typically no.

    A social media project in which businesses collaborate with one another to raise awareness of social issues This can happen, but is not an example of crowdsourcing. A model in which individuals or businesses obtain work, information, or problem-solving skills from a large number of internet users Yes, crowdsourcing uses the skills and knowledge of a large usually rapidly-evolving group of individuals via the internet, in order to achieve a common goal.


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