Entrepreneur Risk Assessment Quiz

30 Questions | Total Attempts: 116

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Risk Management Quizzes & Trivia

An entrepreneur is a person who sees a gap in the industry and aims to fill it. There are different types of risks that an entrepreneur needs to asses before starting a business, and we got to cover each of them in class. Do you recall how to run them? This quiz helps you access your level of risk for being an entrepreneur. Give it a shot!


Questions and Answers
  • 1. 
    What type of business do you want to start ?
    • A. 

      Retail, service, manufacturing, agricultural or construction business

    • B. 

      Whatever is easiest to succeed and earn money in.

    • C. 

      Not Sure

  • 2. 
    Why do you want to go into business ?
    • A. 

      I need a job.

    • B. 

      My own personal satisfaction and I can't stand working for anyone else.

    • C. 

      To make a lot of money.

    • D. 

      To give me an outlet for lots of unused energy..

  • 3. 
    My business will be successful if :
    • A. 

      I can just get a loan to get started.

    • B. 

      I can make an immediate profit.

    • C. 

      I can find a cheap location.

    • D. 

      I can satisfy a need and generate a new one for new business

  • 4. 
    Are you in good health ?
    • A. 

      Yes.

    • B. 

      No.

  • 5. 
    How are other businesses, like the one you want to start, doing in your community?
    • A. 

      Not very well.

    • B. 

      About average.

    • C. 

      Very well.

    • D. 

      I'm not aware of how they are doing.

    • E. 

      There are no businesses around here like the one I want to start.

  • 6. 
    A really good idea sells itself.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 7. 
    I think I should pay myself more as the founder of my business than I made working at my old job.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 8. 
    I am generally an optimistic person, and I am optimistic about my chances to succeed in business.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 9. 
    I think I should be free to run my business as I see fit. Investors and/lenders should respect this and leave me alone, free from their interference.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 10. 
    When solving problems, I look for the best solution and forget about the rest.
    • A. 

      Agree.

    • B. 

      Partially disagree

    • C. 

      Disagree.

  • 11. 
    When I decide there is something I want, I usually find a way to get it. If I don't find a way, I figure out why.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 12. 
    I never plan what I am going to do tomorrow. Something always comes up that changes things, so why should I waste my time ?
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 13. 
    If I were going to bet, I'd bet on the "long shot" with the highest potential payoff.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 14. 
    I like spending time with my employees or fellow workers after the day is over.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 15. 
    I enjoy setting my own standards and goals and I work hard to achieve them.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 16. 
    I am basically an easy going person in my relationships with others. I don't push my opinions or demands on anyone.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 17. 
    I don't like ambiguity, and I take action to find out what is going on.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 18. 
    I work best when someone gets me going and provides some help along the way.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 19. 
    I am going to hire friends or people I know to work for me. I think that's best because I know I can trust them not to give me trouble.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 20. 
    When I know what I am talking about, I can get others to believe me.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 21. 
    The most effective way to solve a problem is to consider a lot of different alternatives.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 22. 
    Making a lot of money is largely a matter of getting the right breaks.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 23. 
    I enjoy playing sports or games with people who are a little better than I am.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 24. 
    I like to impress people by showing them how well I can do certain things.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 25. 
    I find that other people often waste my valuable time.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 26. 
    I don't mind talking openly about myself with other people.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 27. 
    Part of being successful in business is reserving enough time for my family.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 28. 
    If I were faced with failure, I would shift to something else rather than seeing things through to the bitter end.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 29. 
    If someone has legitimate authority, I don't mind following his or her orders.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.

  • 30. 
    I enjoy planning things more than I do actually carrying out the plans.
    • A. 

      Agree.

    • B. 

      Partially disagree.

    • C. 

      Disagree.