EDSBM MCQ SET 2

Which of the following is a direct benefit of entrepreneurship to the economy?

• Increased import of goods

• Greater reliance on foreign technology

• Diversification of industries

• Centralization of economic resources

Which factor does NOT typically affect entrepreneurial growth?

• Access to capital

• Availability of skilled labor

• Quality of infrastructure

• Government policies and regulations

What is a major external factor that can influence entrepreneurial success?

• The entrepreneur's personal motivation

• The political climate

• The entrepreneur's social network

• The entrepreneur's educational background

What distinguishes self-employment from wage employment?

Evaluate responses using AI:

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Which is an advantage of self-employment over wage employment?

• Guaranteed regular income

• Greater autonomy and control over work

• Fewer responsibilities

• Limited work hours

An intrapreneur is best defined as:

• A freelance worker who provides services to multiple companies

• An entrepreneur who starts a new business venture outside of a company

• An employee who applies entrepreneurial skills within an organization

• A business owner who franchises their company

What is a primary benefit of intrapreneurship for companies?

• Increased financial risk

• Enhanced employee engagement and innovation

• Reduced operational costs

• Limited market expansion

Which of the following best contrasts entrepreneurs and intrapreneurs?

• Entrepreneurs are more likely to take personal financial risks compared to intrapreneurs.

• Intrapreneurs are typically more independent than entrepreneurs.

• Entrepreneurs work within existing organizations, while intrapreneurs start new ventures.

• Entrepreneurs focus on maintaining existing business models, whereas intrapreneurs seek innovation.

Which statement is true about both entrepreneurs and intrapreneurs?

• Both are responsible for day-to-day operations of a business.

• Both seek to innovate and drive change.

• Both work under the same legal constraints.

• Both operate without any financial risk.

Which of the following is a common barrier to entrepreneurship?

• Excessive government support

• Lack of access to funding

• Overabundance of market opportunities

• High levels of industry competition