ENTREPRENEURSHIP

Which is a characteristic of a successful entrepreneur? (choose 3 answers)

• Motivated

• passionate

• hardworking

• takes a very little risk

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• 
  

  Your work schedule is always predictable

Elon Musk is one of the greatest innovators in the last 30 years. He... (choose any three answers)

• Co-founded Paypal

• Co-founded Google

• Founded the company SpaceX

• Founded the company Tesla

What is the purpose of a business plan? ( choose 2 correct answers)

• To document your financial activity during one year

• Legal document to be filed with the authorities

• States the purpose and vision of your company

• States the amount of capital you need to run the company

A target market is (choose one answer)

• a group of investors willing to put capital into a business

• a generational group of individuals

• an industry willing to sell and market your product

• a group of consumers at which a product/service is aimed

Which is NOT one of the reasons startups typically fail?

• 
  No business model

• Market demand

• 
  Poor marketing

• Run out of cash

The process of creating something new that makes life better is called...

• Innovation

• Opportunity cost

• Brand recognition

• Technology

A venture capitalist is

• The co-founder of a successful startup

• A manager of a business's investment, aligning with goals

• An investor in a business providing capital for startup

• The net worth of a company

What is the difference between a startup and a small business?

• Startups intend to grow larger compared to a small business

• Startups have been in business longer

• Small businesses have multiple locations, startups do not

• A small business has more employees than a startup

Who should be involved in preparing a firm’s business plan?

• 1. Accountant

• 1. Engineer

• 1. Entrepreneur

• 1. None of the above