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Entrepreneurship Final

Authored by MALVIN TABAJEN

Professional Development

University

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Entrepreneurship Final
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49 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In the context of the entrepreneurial decision process, what does "Harvesting" refer to?

The stage where the entrepreneur seeks initial funding

The stage where the entrepreneur identifies and acquires resources

The stage where the entrepreneur decides the future growth or exit strategy of the business

The stage where the entrepreneur develops the business concept

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following statements about entrepreneurial traits is most accurate?

Entrepreneurs avoid risks to ensure business stability.

Entrepreneurs are often characterized by their focus on innovative and unique solutions.

Entrepreneurs typically prefer working in established corporate settings.

Entrepreneurs rarely need to persuade others to support their ideas.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How does entrepreneurship contribute to the equitable redistribution of wealth?

By creating monopolies that control market prices

By limiting employment opportunities to specific regions

By stimulating economic activities that generate income across different sectors and geographic areas

By focusing solely on highincome markets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which ethical issue is most relevant for entrepreneurs dealing with intellectual property?

Ensuring workplace safety

Handling conflicts of interest

Respecting copyright, patent, and trademark laws

Maintaining transparency in financial reporting

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What distinguishes an intrapreneur from an entrepreneur in a corporate setting?

Intrapreneurs work within the existing structure of a company, while entrepreneurs start their own businesses.
Intrapreneurs have less autonomy than entrepreneurs in decision-making.
Intrapreneurs focus on long-term projects, while entrepreneurs focus on short-term goals.
Intrapreneurs work independently, while entrepreneurs work in teams.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step in the entrepreneurial process involves the entrepreneur operating the business and utilizing resources to achieve goals?

Execution
Marketing
Innovation
Planning

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following best exemplifies the role of an entrepreneur in reducing regional economic disparities?

Opening luxury stores in affluent areas
Ignoring local businesses and focusing on international markets
Supporting only well-established companies in urban centers
Creating job opportunities, investing in local businesses, and promoting economic growth in underdeveloped areas

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