
Entrepreneurship -Chapter 1
Authored by Mrs Carter
Business
7th Grade - University
Used 8+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The process of starting a business venture, organizing the resources and taking the risks is known as:
Intrapreneurship
Small business
Entrepreneurship
Business Venturing
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An entrepreneur is special in his/her ability to spot
Ideas and risks
Ideas and change
Opportunity and benefits
Opportunities and changes
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of these is an entrepreneurial characteristic?
Bravery in business
Aversion to risk
Tolerance for ambiguity
Poor people skills
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Before starting his own business, Tony prepared a document that gave details of his ideas and future business operations. What is such a document known as?
SWOT analysis
Business portfolio
Business plan
Financial statement
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The term 'entrepreneur' literally translated by Richard Cantillion means:
Venture capitalist
Risk averter
Between-taker
Entrance maker
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these describes an environmental factor that encourages entrepreneurship?
Unemployment
Nationalisation
Reduced access to markets
Falling global demand
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Large companies are encouraging innovation within their firms. Why is this?
To reduce independence
To reduce bureaucracy
To cope with inflation
To cope with change
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