Enterpreneurship

Enterpreneurship

University

10 Qs

quiz-placeholder

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Enterpreneurship

Enterpreneurship

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Patrick Kevin

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is entrepreneurship?

A career in managing large companies

The process of designing, launching, and running a new business

A government initiative to support small businesses

A college degree in business management

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following is a key characteristic of an entrepreneurial mindset?

Strict adherence to established procedures

Avoiding challenges and difficulties

Maintaining stability at all costs

Risk-taking and decision-making

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How do entrepreneurs contribute to economic growth?

By creating new businesses, jobs, and wealth

By ensuring existing businesses remain profitable

By regulating industries and markets

By providing financial support to struggling companies

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is a significant reason why many entrepreneurs fail?

Excessive market demand

An oversupply of financial resources

Inability to outcompete other businesses

Insufficient risk-taking

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following best describes the decision-making approach of entrepreneurs compared to managers?

Entrepreneurs rely more on data and analysis, while managers rely on instincts and intuition.

Entrepreneurs and managers both primarily use established policies and procedures.

Entrepreneurs often make decisions based on instincts and intuition, while managers rely on data and analysis.

There are no significant differences between entrepreneurs and managers in decision-making.

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How can entrepreneurs drive innovation?

By avoiding competition

By maintaining the status quo

By focusing solely on profitability

By developing new products, services, and technologies

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which factor contributes to entrepreneurs running out of cash?

Excessive market research

Insufficient funding

A well-balanced and experienced team

Accurate pricing and cost estimation

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