InnoBiz Quiz

InnoBiz Quiz

University

10 Qs

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InnoBiz Quiz

InnoBiz Quiz

Assessment

Quiz

Business

University

Practice Problem

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ANITHA T

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Entrepreneurs differ from managers in their:

Focus on maintaining the status quo

Tendency to avoid risk

Ability to innovate and identify opportunities

Lack of leadership skills

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Social entrepreneurship focuses primarily on:

  1. Maximizing shareholder profits

  1. Solving societal problems and creating social value

  1. Building large corporate empires

  1. Managing a family-owned business

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Entrepreneurs help in the economic development of a country by:

  1. Reducing competition and limiting job creation

  1. Importing more foreign products to the local market

  1. Encouraging innovation, creating jobs, and improving productivity

  1. Decreasing exports and increasing imports

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following is a common myth about entrepreneurship?

  1. Entrepreneurs are born, not made

  1. Entrepreneurship can be learned and developed

  1. Entrepreneurs take calculated risks

  1. Entrepreneurs are necessary for economic growth

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following is a common issue entrepreneurs face when starting a business?

  1. Excessive bureaucratic red tape

  1. Immediate and overwhelming customer demand

  1. Overfunding from investors

  1. Lack of market competition

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following is NOT a common behavioral trait of successful entrepreneurs?

  1. Risk-taking ability

  1. Persistence and determination

  1. Aversion to change

  1. Strong decision-making skills

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Which of the following is NOT a key factor in identifying a business opportunity?

  1. Market demand

  1. External environment analysis

  1. Personal preferences of the entrepreneur

  1. Competition intensity

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