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1. What is the primary goal of a startup?

• A) To generate profit immediately

• B) To solve a unique problem or meet a market need

• C) To replicate existing business models

• D) To stay small and local

2. Which of the following is a common characteristic of successful entrepreneurs?

• A) Risk aversion

• B) Dependence on others for decision-making

• C) Resilience and adaptability

• D) Fear of failure

3. What is a business plan?

• • A) A financial statement

• • B) A detailed document outlining the strategy for a business

• • C) A legal document for company registration

• • D) A marketing brochure

4. What is an MVP in the context of a startup?

• A) Most Valuable Player

• B) Minimum Viable Product

• C) Maximum Value Proposition

• D) Market Viability Plan

5. Which of the following is a primary source of funding for startups?

• A) Government grants

• B) Angel investors

• C) Established corporations

• D) Banks offering personal loans