Entrepreneurship Final Exam - Fall 2024

What is the definition of entrepreneurship?

• The study of the stock market
• The process of starting and running a business
• Working for a large corporation
• Managing personal finances

Which of the following is a characteristic of a successful entrepreneur?

• Avoiding risks at all costs
• Resisting change
• Persistence and resilience
• Ignoring market trends

Which term refers to the process of gathering information about potential customers and competitors to improve business decision-making?

• Marketing
• Networking
• Market Research
• Sales

Entrepreneurs are risk-averse and avoid taking chances in their business ventures.

• True
• False

What is the definition of liability? (in the context of business ownership)

• A type of state tax
• A department of business
• A marketing tactic
• The state of being resbonsible for something

This type of business is owned by one person.

• Sole Proprietorship
• Walmart
• Franchise
• Partnership

This type of business is owned by many people called stockholders.

• Partnership
• Franchise
• Sole Proprietorship
• Corporation

What is an asset?

• A business department
• A business venture
• Something of value
• Taco bell

An investor pitch should clearly communicate the potential return on investment for investors and how their funds will contribute to the growth and success of the business.

• True
• False

What best defines an investor pitch?

• A sales presentation aimed at customers
• A detailed report on employee performance
• A brief presentation to persuade potential investors to invest in the business
• A legal document outlining business operations