Entrepreneurship 1

What is entrepreneurship?

• A job in a large corporation

• The process of starting and running a business

• A form of government

What is the primary motivation for most entrepreneurs?

• Job security

• Financial success and independence

• Social recognition

Who is considered the father of modern entrepreneurship?

• Steve Jobs

• Bill Gates

• Joseph Schumpeter

Which term refers to the willingness of an entrepreneur to take risks?

• Risk aversion

• Risk tolerance

• Risk appetite

What is a startup?

• A well-established company

• A newly established and fast-growing business

• A government initiative

Which characteristic is essential for entrepreneurial success?

• Aversion to change

• Resilience

• . Fear of failure

What does MVP stand for in the context of startups?

• Most Valuable Player

• Minimum Viable Product

• Market Value Proposition

What does the term "bootstrapping" mean for entrepreneurs?

• Starting a business without external funding

• Using large investments to launch a business

• Collaborating with other startups

What is the purpose of a business plan?

• To attract investors and secure funding

• To outline daily operational tasks

• To create a company logo

What is a pivot in the entrepreneurial context?

• A type of investment

• A sudden change in business strategy

• A financial report