LaHayne Entrepreneurship
Authored by Whittney LaHayne
Computers
10th Grade
Used 2+ times
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is entrepreneurship?
The process of creating, developing, and managing a new business venture in order to donate profits to charity
The process of creating, developing, and managing a new business venture in order to break even
The process of creating, developing, and managing a new business venture in order to lose money
The process of creating, developing, and managing a new business venture in order to make a profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What motivates entrepreneurs?
Desire to work for someone else
Desire to retire early
Desire to travel the world
Desire to create something new, solve a problem, or capitalize on a business opportunity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in the entrepreneurial process?
Developing a business plan
Securing financing
Executing on the plan to launch and grow the business
Identifying a need or opportunity in the marketplace
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of market research in the entrepreneurial process?
To assess the demand for the product or service
To assess the supply of the product or service
To assess the demand for the product or service in a different country
To assess the demand for the product or service in a different industry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a business plan?
To develop a roadmap for launching and growing the business
To develop a roadmap for shutting down the business
To develop a roadmap for outsourcing the business
To develop a roadmap for maintaining the business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of securing financing in the entrepreneurial process?
To launch and grow the business
To shut down the business
To maintain the business
To outsource the business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is bootstrapping?
Using investors to finance the business
Using donations to finance the business
Using loans to finance the business
Using personal savings to finance the business
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