Q3 - ENTREPRENEURSHIP (QUIZ#1)

It is a written document describing a company's core business activities, objectives, and how it plans to achieve its goals.

• business plan

• business model

• entrepreneurship

He/ She is an individual who creates a new business

• entrepreneur

• businessman

• investors

The word entrepreneur is derived from the French word "ENTREPRENDRE" which means?

• to begin something/ to undertake

• to end something/ to take

• to begin something/ to enterprise

Business plan serves the entrepreneur who must set a navigational course.

• TRUE

• FALSE

Different business plans are prepared for same purposes.

• TRUE

• FALSE

Entrepreneurs who plan to enter any business endeavor must have a business plan on hand to guide them throughout the process.

• TRUE

• FALSE

There are business plans written prior to setting up an enterprise, which are similar to journal study and a feasibility study.

• TRUE

• FALSE

Setting up a business is high-risk but also can be high-reward.

• TRUE

• FALSE

Business plan is important because it will help you to manage the business.

• TRUE

• FALSE

Business plan serves investors and cautious financiers.

• TRUE

• FALSE