Ag. Entrep.

What is entrepreneurship?

• Entrepreneurship is the act of creating, developing, and managing a new business venture.
• Entrepreneurship involves only inventing new products.
• Entrepreneurship is the process of working for a large corporation.
• Entrepreneurship is solely about making money.

Which of the following is NOT a type of entrepreneur?

• Social Entrepreneur

• Corporate entrepreneur

• Freelance entrepreneur

• Introvert Entrepreneur

Which characteristic is commonly associated with successful entrepreneurs?

• Resilience
• Lack of focus
• Inflexibility
• Overconfidence

What type of entrepreneur focuses on solving social problems while also making a profit?

• Social entrepreneur
• Corporate entrepreneur
• Lifestyle entrepreneur
• Traditional entrepreneur

What is a common challenge faced by entrepreneurs when starting a new business?

• Access to funding

• Too many customers from the start

• Lack of competition

• Excessive government support

Which of the following best describes a lifestyle entrepreneur?

• An entrepreneur who prioritizes personal life and work-life balance over rapid growth.

• An entrepreneur who focuses solely on maximizing profits.

• An entrepreneur who only works part-time.

• An entrepreneur who seeks to create a large corporation.

What role does innovation play in entrepreneurship?

• It is essential for creating new products and services.

• It is not important as traditional methods are sufficient.

• It only applies to technology-based businesses.

• It is only relevant in large corporations.

What is the primary motivation for a venture capitalist when investing in startups?

• To support innovative ideas regardless of profit.

• To achieve a high return on investment.

• To gain control over the startup's operations.

• To create a social impact without financial gain.

Which of the following is a key factor in determining the success of a startup?

• Market demand for the product or service.

• The number of employees in the company.

• The location of the business.

• The age of the entrepreneur.

What is a common source of funding for early-stage startups?

• Angel investors

• Government grants

• Bank loans

• Public stock offerings