L01. Introduction to Entrepreneurship (BAC)

L01. Introduction to Entrepreneurship (BAC)

University

13 Qs

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L01. Introduction to Entrepreneurship (BAC)

L01. Introduction to Entrepreneurship (BAC)

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Aimi Farhana Binti Ismayatey @ Isman

Used 36+ times

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of entrepreneurship?

The act of creating a business with no risk involved

The act of creating a business while bearing all the risk in hope of making profit

The process of joining an existing business

The process of investing in an established business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is an entrepreneur?

A person who invests in an existing business

An individual who creates a new business and bears the risks

A person who works for a large corporation

A person who is not involved in any business activities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between a businessman and an entrepreneur?

A businessman is a market leader, while an entrepreneur is a market player

A businessman is people focused, while an entrepreneur is profit oriented

A businessman is a risk taker, while an entrepreneur is risk averse

A businessman creates the market for his own business, while an entrepreneur starts a business on an old concept or idea

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of creativity in entrepreneurship?

Creativity is the process of managing a business effectively

Creativity is the novel step of being the first to identify that something might be possible

Creativity is the action of putting things into practical reality

Creativity is not important in entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three primary reasons that people become entrepreneurs?

Desire to pursue own ideas, financial reward, desire to be a market leader

Desire to be own boss, desire to work for a large corporation, financial reward

Desire to be own boss, desire to pursue own ideas, financial reward

Desire to work for a large corporation, desire to pursue own ideas, financial reward

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of successful entrepreneurs?

Inability to execute plans effectively

Risk averse

Passion for the environment

Focus on products and customers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common myth about entrepreneurs?

Entrepreneurs are gamblers

Entrepreneurs are not risk takers

Entrepreneurs are not born, they are made

Entrepreneurs are not motivated by money

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