ENT101 Exam Questions with Correct Answers 100% Verified By
Experts|2025/2026 Latest Update
Environmental School of Thought A school of thought which affect a potential
entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve These are the sources
of entrepreneurial stress.
Gazelle These enterprises experience at least 20% annual sales growth each year for the
period of 5 years
Entrepreneurial Trait School of Thought School of thoughts which focuses on identifying
traits common to successful entrepreneurs like creativity, determination, and technical
knowledge.
Entrepreneurial Persistence An entrepreneur's choice to continue with an entrepreneurial
opportunity regardless of counterinfluences or other enticing alternative
Entrepreneurial Motivation The quest for new-venture creation as well as the willingness to
sustain that venture
Ethics Provides the basic rules or parameters for conducting any activity in an "acceptable"
manner.
Corridor Principle It is a principle where the pathway or opportunities will arise that lead
entrepreneur in different directions
Entrepreneurship It is an integrated concept that permeates an individual's business in an
innovative manner.
, to undertake The word entrepreneur means
False True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True True or False:
Entrepreneurs make calculated risk decisions.
False True or False:
85% of all firms fail in the first year of their operation.
False True or False:
Entrepreneurs Seek Success but Experience High Failure Rates
Entrepreneur Someone who starts or owns a business
Small Business Owners Manage their businesses by expecting stable sales, profits, and
growth
Entrepreneur One who undertakes to organize, manage, and assume the risks of a business
Experts|2025/2026 Latest Update
Environmental School of Thought A school of thought which affect a potential
entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve These are the sources
of entrepreneurial stress.
Gazelle These enterprises experience at least 20% annual sales growth each year for the
period of 5 years
Entrepreneurial Trait School of Thought School of thoughts which focuses on identifying
traits common to successful entrepreneurs like creativity, determination, and technical
knowledge.
Entrepreneurial Persistence An entrepreneur's choice to continue with an entrepreneurial
opportunity regardless of counterinfluences or other enticing alternative
Entrepreneurial Motivation The quest for new-venture creation as well as the willingness to
sustain that venture
Ethics Provides the basic rules or parameters for conducting any activity in an "acceptable"
manner.
Corridor Principle It is a principle where the pathway or opportunities will arise that lead
entrepreneur in different directions
Entrepreneurship It is an integrated concept that permeates an individual's business in an
innovative manner.
, to undertake The word entrepreneur means
False True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True True or False:
Entrepreneurs make calculated risk decisions.
False True or False:
85% of all firms fail in the first year of their operation.
False True or False:
Entrepreneurs Seek Success but Experience High Failure Rates
Entrepreneur Someone who starts or owns a business
Small Business Owners Manage their businesses by expecting stable sales, profits, and
growth
Entrepreneur One who undertakes to organize, manage, and assume the risks of a business
