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NTREPRENEURSHIP CAT

Authored by Sammy Musau

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University

Used 1+ times

NTREPRENEURSHIP CAT
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following best defines entrepreneurship?

The process of starting a business

The process of managing a business

The process of innovating within a business

The process of investing in a business

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a characteristic of successful entrepreneurs?

Risk aversion

Resistance to change

Adaptability

Avoidance of challenges

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does SWOT analysis stand for?

Strengths, Weaknesses, Opportunities, Threats

Sales, Wealth, Output, Turnover

Strategy, Workforce, Organization, Tools

Success, Wisdom, Opportunities, Training

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a common source of funding for startups?

Venture capital

Angel investors

Bank loans

Government grants

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does MVP stand for in the context of entrepreneurship?

Most Valuable Product

Minimum Viable Product

Market Validation Plan

Maximum Visibility Protocol

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What term describes the process of converting an idea or invention into a marketable product or service?

a) Innovation

b) Commercialization

c) Standardization

d) Regulation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a stage in the entrepreneurial process?

Ideation

Implementation

Evaluation

Withdrawal

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