Entrepreneurship Class 2

Entrepreneurship Class 2

University

13 Qs

quiz-placeholder

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Entrepreneurship Class 2

Entrepreneurship Class 2

Assessment

Quiz

Special Education

University

Practice Problem

Medium

Created by

Casper Lourens

Used 3+ times

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary motivation for an entrepreneur?

Passion for their idea

Job security

Desire for power

Financial stability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic importance of an entrepreneur

to create job opportunities

to create a positive image for a business

to attend workshops and seminars

to sell products on credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Personal resources of a successful entrepreneur

Building

Recognition

Funds

Technology

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To avoid pitfalls in a small business...

allow customers to buy on credit

over invest in fixed assets

manage people effectively

be confident

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

New products never created before are...

innovations

inventions

patents

creativity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur who is not planning to apply for a bank loan does not need a business plan

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is a person who creates anew business and bears the risk of losing that business

TRUE

FALSE

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