What is the definition of entrepreneurship?

Entrepreneurship Opportunities for Students

Quiz
•
Education
•
12th Grade
•
Hard
Agus Sugihartono
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A method of saving money for retirement.
The act of investing in stocks and bonds.
The study of economic theories and principles.
The process of designing, launching, and running a new business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name three characteristics of a successful entrepreneur.
Resilience, adaptability, strong leadership skills
Poor time management
Lack of focus
Inability to collaborate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main types of business ownership?
Sole proprietorship, partnership, corporation, limited liability company (LLC)
Non-profit, government agency, subsidiary
Franchise, cooperative, joint venture
Sole trader, public company, private equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can market research benefit a new business?
It helps in reducing the overall cost of production.
Market research benefits a new business by providing insights into customer needs, market trends, and competitive landscape.
It guarantees immediate sales success for new products.
Market research is only useful for large corporations.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business plan and why is it important?
A business plan is a formal document outlining a company's goals and strategies; it is important for guiding the business and securing funding.
A business plan is a casual discussion about ideas; it is important for team bonding.
A business plan is a list of employees; it is important for managing payroll.
A business plan is a marketing brochure; it is important for attracting customers.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify two sources of funding for startups.
Government grants
Personal savings
Bank loans
Venture capital, Crowdfunding
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does innovation play in entrepreneurship?
Innovation is essential for entrepreneurship as it leads to new opportunities and competitive advantage.
Innovation is irrelevant to entrepreneurship.
Innovation hinders business growth and stability.
Entrepreneurship thrives on traditional methods only.
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