What is entrepreneurship?
Entrepreneurship test

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University
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Medium
Cisman Salax
Used 3+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
a) The process of managing an existing business
b) The process of starting and running a new business to create value and make a profit
c) The process of working for someone else
d) The process of investing in stocks
D) all of them
2.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Which of the following is NOT a reason to become an entrepreneur?
a) Profit potential
b) Independence and autonomy
c) Fear of uncertainty
d) Challenge of taking risks
3.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Which of these traits is common among entrepreneurs?
a) Procrastination
b) Risk-taking
c) Avoidance of challenge
d) Resistance to change
4.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
What is a common risk entrepreneurs face?
a) Guaranteed profit
b) Financial risk of losing savings
c) Regular work hours
d) No competition
5.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
What is one benefit of entrepreneurship?
a) No stress
b) Unlimited profits
c) No competition
d) Fixed working hours
6.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Why are small businesses important to the national economy?
a) They create jobs and promote regional development
b) They focus on international trade
c) They do not contribute to the economy
d) They only benefit large corporations
7.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
What is one factor for success in a small business?
a) Lack of planning
b) Good customer service and market research
c) High staff turnover
d) Ignoring competition
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