Entrepreneurship Review

Which of the following ensures a good idea for a business is an actual business opportunity?

• The idea is something that no one has ever thought of before

• The idea solves a unique need or want in the market that a group of customers is willing to buy.

• The entrepreneur is really passionate about the idea

• if it involves plastic chairs

A ______________ is a quick description of your business that you use to explain it to potential investors.

•  business plan

• plastic chair

•  business pitch

• business analysis

Which of the following is NOT a true statement about business plans?

• They should never be revised

•  They are created before starting a business

• They can help lower the risk of starting a new business

• They should include an overview of your business goals and how you think you are going to achieve them

If you really have ​ (a)   spirit, working for someone else can be an extremely ​ (b)   experience.

• entrepreneurial

• frustrating

Which of the following best defines 'entrepreneurship'?

• A) The act of starting and running a new business.

• B) The process of buying and selling stocks.

• C) The study of ancient civilizations.

• D) The practice of teaching in schools.

What is the primary goal of an entrepreneur?

• A) To create a monopoly.

• B) To solve a problem or fulfill a need in the market.

• C) To avoid paying taxes.

• D) To work as little as possible.

Choose the correct sentence:

• A) Entrepreneurship require a lot of dedication.

• B) Entrepreneurship requires a lot of dedication.

• C) Entrepreneurship requiring a lot of dedication.

• D) Entrepreneurship required a lot of dedication.

Which word is a synonym for 'innovative'?

• A) Traditional

• B) Creative

• C) Old-fashioned

• D) Conventional

In the context of entrepreneurship, what does 'scalability' refer to?

• A) The ability to grow and manage increased demand.

• B) The ability to climb mountains.

• C) The ability to reduce costs.

• D) The ability to work alone.

Identify the correct use of the word 'entrepreneur' in a sentence:

• A) She is an entrepreneur who started her own tech company.

• B) He is a entrepreneur who loves to read books.

• C) They are entrepreneur who enjoys cooking.

• D) We is entrepreneur in the field of education.