Quiz on Common Forms of Entrepreneurship

What is the primary role of an entrepreneur?

• To manage a large corporation

• To create a new business

• To work as an employee

• To invest in stocks

Which form of entrepreneurship typically involves small profits and local operations?

• Social entrepreneurship

• Scalable startup entrepreneurship

• Small business entrepreneurship

• Large company entrepreneurship

What is a key characteristic of scalable startup entrepreneurship?

• Emphasis on social change

• Limited growth potential

• Ability to attract venture capital

• Focus on local markets

Which type of entrepreneurship aims to solve social problems?

• Small business entrepreneurship

• Scalable startup entrepreneurship

• Large company entrepreneurship

• Social entrepreneurship

What is a common funding source for small business entrepreneurs?

• Venture capitalists

• Government grants

• Family and friends

• Angel investors

What do large companies need to do to maintain their business?

• Focus solely on profits

• Adapt to technological changes

• Ignore customer needs

• Limit product innovation

Which of the following is an example of social entrepreneurship?

• A charity organization

• A retail store

• A tech startup

• A local bakery

What is a potential risk for entrepreneurs like Skip?

• Lack of innovation

• Financial loss

• Market saturation

• High employee turnover

What is a characteristic of large company entrepreneurship?

• Focus on small local markets

• Constant innovation

• Minimal competition

• Limited product offerings

What does Skip need to find in order to start his business?

• A large investor

• Materials and financing

• A franchise opportunity

• A business partner