OpenStax Entrepreneurship Test Bank
Chapter 2: The Entrepreneurial Journey and Pathways
Chapter 2: The Entrepreneurial Journey and Pathways
* = Correct answer
Multiple Choice/Fill in the Blank
1. What factors decrease the risk of creating a new venture? (Select all that apply.)
A. Economy is strong.*
B. Job market is strong.*
C. Education is strong.
D. Trends are strong.
Difficulty: Easy
2. Which age range accounts for the most startup activity?
A. over 20
B. over 30
C. over 40*
D. over 50
Difficulty: Easy
3. Which of the following is not a characteristic of an independent contractor?
A. part of the payroll of a contracting business*
B. pays for their own benefits
C. responsible for paying their own taxes
D. works similar to an employee
Difficulty: Easy
4. What are the most pertinent considerations one should make before joining the gig economy?
(Select all that apply.)
A. Analyze the financial implication.*
B. Create a unique brand identity.
C. Know that becoming a freelancer is difficult.
D. Make sure you are goal oriented.*
Difficulty: Moderate
5. Which of the following are not examples of the gig economy?
A. offering talent for projects
B. promoting one’s specialty for interim assignments
C. offering editing on a freelance basis
D. working as in-house catering at a restaurant*
Page 1 of 12
, OpenStax Entrepreneurship Test Bank
Chapter 2: The Entrepreneurial Journey and Pathways
Difficulty: Moderate
6. What is not a reason, according to FreshBooks’ second annual Self Employment Report, that
there will be an increase in US employees leaving traditional work in favor of self-
employment?
A. control over acceptance of work
B. control over office attire*
C. control over one’s career
D. control over working hours
Difficulty: Easy
7. What percentage of startups include immigrants?
A. 20%
B. 35%
C. 40%*
D. 45%
Difficulty: Easy
8. How many self-employed Americans will there approximately be at the end of 2026
according to the US Bureau of Labor Statistics?
A. about 9 million
B. over 9 million
C. over 10 million*
D. about 12 million
Difficulty: Easy
9. Which of the following is not a reason for the downward slide in the number of employees
working for self-employed businesses?
A. desire over control of one’s career*
B. difficulty in finding qualified employees
C. gig economy employment
D. outsourcing activities
Difficulty: Easy
10. Which countries take the lead in entrepreneurial activity? (Select all that apply.)
A. Canada
B. Guatemala
C. India*
D. Luxembourg*
Difficulty: Moderate
Page 2 of 12
Chapter 2: The Entrepreneurial Journey and Pathways
Chapter 2: The Entrepreneurial Journey and Pathways
* = Correct answer
Multiple Choice/Fill in the Blank
1. What factors decrease the risk of creating a new venture? (Select all that apply.)
A. Economy is strong.*
B. Job market is strong.*
C. Education is strong.
D. Trends are strong.
Difficulty: Easy
2. Which age range accounts for the most startup activity?
A. over 20
B. over 30
C. over 40*
D. over 50
Difficulty: Easy
3. Which of the following is not a characteristic of an independent contractor?
A. part of the payroll of a contracting business*
B. pays for their own benefits
C. responsible for paying their own taxes
D. works similar to an employee
Difficulty: Easy
4. What are the most pertinent considerations one should make before joining the gig economy?
(Select all that apply.)
A. Analyze the financial implication.*
B. Create a unique brand identity.
C. Know that becoming a freelancer is difficult.
D. Make sure you are goal oriented.*
Difficulty: Moderate
5. Which of the following are not examples of the gig economy?
A. offering talent for projects
B. promoting one’s specialty for interim assignments
C. offering editing on a freelance basis
D. working as in-house catering at a restaurant*
Page 1 of 12
, OpenStax Entrepreneurship Test Bank
Chapter 2: The Entrepreneurial Journey and Pathways
Difficulty: Moderate
6. What is not a reason, according to FreshBooks’ second annual Self Employment Report, that
there will be an increase in US employees leaving traditional work in favor of self-
employment?
A. control over acceptance of work
B. control over office attire*
C. control over one’s career
D. control over working hours
Difficulty: Easy
7. What percentage of startups include immigrants?
A. 20%
B. 35%
C. 40%*
D. 45%
Difficulty: Easy
8. How many self-employed Americans will there approximately be at the end of 2026
according to the US Bureau of Labor Statistics?
A. about 9 million
B. over 9 million
C. over 10 million*
D. about 12 million
Difficulty: Easy
9. Which of the following is not a reason for the downward slide in the number of employees
working for self-employed businesses?
A. desire over control of one’s career*
B. difficulty in finding qualified employees
C. gig economy employment
D. outsourcing activities
Difficulty: Easy
10. Which countries take the lead in entrepreneurial activity? (Select all that apply.)
A. Canada
B. Guatemala
C. India*
D. Luxembourg*
Difficulty: Moderate
Page 2 of 12
