Introduction to Entrepreneurship

Entrepreneurs are different from business because ___

• they maximize profits by providing various goods and services

• they always try to upgrade their life

• they try to contribute toward economic development of the country

• they try to overcome competitors using various ways

What is the person who takes the initiative to create or start a company, often risking their own money, called?

• Entrepreneur

• Human capital

• Natural resources

• Physical capital

Tags

DOK 1

Factors of Production

Which of the following is a key characteristic of an entrepreneur?

• Risk-taking ability

• Preference for routine

• Aversion to change

• Dependence on others

What is the primary goal of social entrepreneurship?

• Maximizing shareholder profits

• Creating social value

• Expanding market share

• Reducing operational costs

Which of the following best describes a startup?

• A large, established company

• A new business venture

• A government agency

• A non-profit organization

What is a business plan?

• A document outlining a company's goals and strategies

• A legal requirement for all businesses

• A financial statement

• A marketing campaign

Which of the following is NOT a common source of funding for entrepreneurs?

• Venture capital

• Personal savings

• Government grants

• Lottery winnings

What is the term for a market structure dominated by a small number of large firms?

• Monopoly

• Oligopoly

• Perfect competition

• Monopolistic competition

Which of the following is an example of a successful entrepreneur?

• Steve Jobs

• Albert Einstein

• Isaac Newton

• Marie Curie

What is the role of innovation in entrepreneurship?

• To maintain the status quo

• To create new products and services

• To eliminate competition

• To reduce employee numbers