Entrepreneurship Quiz 1 (Week 5 to 8)

Factors to consider in the establishment of a home-based business are:

• Accessibility

• Zoning requirements

• Space restrictions

• All of the above

A shopping centre is a good location for a business which:

• needs parking

• deals in fast-moving consumer goods

• needs security

• needs to match their brand image with other larger brands

Which of these strategies in risk management is the most attractive to entrepreneurs?

• Retention

• Reduction

• Avoidance

• Transfer

Unethical behaviour in a business venture includes:

• Avoiding risk

• Avoiding taxes

• Low productivity

• None of the above

If a risk is not identified or no decision has been taken on how to handle them, it is called:

• Risk Retention

• Risk Reduction

• Risk Avoidance

• Risk Transfer