ENT 3-1 Barriers and Factors Affecting Entrepreneurial Success

ENT 3-1 Barriers and Factors Affecting Entrepreneurial Success

10th Grade

20 Qs

quiz-placeholder

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ENT 3-1 Barriers and Factors Affecting Entrepreneurial Success

ENT 3-1 Barriers and Factors Affecting Entrepreneurial Success

Assessment

Quiz

Business

10th Grade

Medium

Created by

Aimee Renchenski

Used 7+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to overcome regulatory issues as an entrepreneur?
Ignore the rules and regulations
Move to a different country with less regulations
Hire a lawyer to handle all legal matters
Stay informed and comply with regulations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common external factor that can impact entrepreneurial growth related to innovation?
Economic factors
Racial factors
Political factors
Social factors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does passion play in being an entrepreneur?
Passion is a myth in entrepreneurship
Passion can limit entrepreneurial success
Passion is the only factor that matters for entrepreneurial success
Passion is not important for entrepreneurial success

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key performance indicator (KPI)?
A metric for measuring business health
A type of regulatory issue
A measure of passion
A type of competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common barrier to entrepreneurial success related to competition?
Ineffective sales and marketing strategy
Lack of innovation
Risk aversion
Poor vision

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to manage cash flow?
Ignore expenses
Increase prices
Hire more employees
Create a budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is direct competition?
When companies offer essentially the same product or service
When companies are located in the same city
When companies have similar logos
When companies have similar names

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