Characteristics Flashcards
7 cards from real Entrepreneurship practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Characteristics flashcards as text
Which psychological trait helps entrepreneurs persist through repeated failures without giving up?
Answer: Resilience
Resilience is the ability to recover from setbacks and keep moving forward, which is essential in entrepreneurship.
An entrepreneur who constantly seeks feedback and adjusts their strategy is demonstrating which characteristic?
Answer: Adaptability
Adaptability means being willing to change course based on new information or market feedback.
What distinguishes an entrepreneur's relationship with risk compared to a typical employee?
Answer: Entrepreneurs calculate and accept measured risk
Successful entrepreneurs are calculated risk-takers who assess potential downsides before committing.
A founder who works 14-hour days because they genuinely love building their product is driven primarily by:
Answer: Intrinsic motivation
Intrinsic motivation comes from internal passion and purpose rather than external rewards.
Which characteristic enables entrepreneurs to see opportunities where others see only problems?
Answer: Opportunity recognition
Opportunity recognition is the ability to identify unmet needs or gaps in the market that a business could fill.
An entrepreneur who sets specific, measurable goals for their startup is demonstrating:
Answer: Goal orientation
Goal orientation means setting clear targets and directing energy toward achieving them systematically.
Which behavior best illustrates a high internal locus of control in an entrepreneur?
Answer: Taking personal responsibility for business outcomes
A high internal locus of control means believing your own actions—not external forces—determine your outcomes.