Entrepreneurship

Which option is not a good quality of an entrepreneur

• Responsible

• Impulsive

• Creative

• Confident

An entrepreneur risks money and receive (a)   as n reward.

Which option is not a reason why people become entrepreneurs.

• Want to be own boss

• Rewarded for own hard work

• Get a fixed salary every month

• Have no income/job

Is flexible hours an advantage or disadvantage of being an entrepreneur?

• Advantage

• Disadvantage

Choose a reason why entrepreneurs fail

• Taking control of overheads

• Good analysis of target market

• Strict financial control

• Being up to date with current trends

Many South Africans has lost their jobs due to...

(a)  

The importance of entrepreneurship for society is that it gives communities a sense of pride, true or false?

• True

• False

Choose the incorrect answer. The importance of entrepreneurship for the South African economy are:

• Self-employment

• Increases business competition

• Reduces Crime

• Decrease job opportunities

Profit is made when your income is more than your...?

(a)  

A target market is

• a group of investors willing to put capital into a business

• a generational group of individuals

• a group of consumers at which a product/service is aimed

• an industry willing to sell and market your product