Entrepreneur - Quiz

An Entrepreneur is someone who:

• Starts and runs a business, taking on financial risks in the hope of profit.

• Works as an employee in a company.

• Invests in stocks and bonds.

• Manages a team within a large corporation.

What are the skills and characteristics required to be an effective entrepreneur?

Technical Know-how is:

• A skill or expertise in a particular technical field

• A type of technical equipment

• A technical manual

• A software application

A venture capitalist is a person or entity that:

• invests in startups and small businesses with high growth potential

• provides loans to individuals with poor credit

• offers financial advice to large corporations

• manages government funds for public projects

Describe two of the famous entrepreneurs that you learned about. What were their names? Please describe what you know about their businesses.

Explain how an “Influencer” is a modern-day Entrepreneur. (What is their role/what are the different types of influencers?)

• An influencer uses social media platforms to build a personal brand and engage with audiences, similar to how entrepreneurs build businesses.

• Influencers are not considered entrepreneurs as they do not create traditional businesses.

• Influencers only focus on creating content without any entrepreneurial aspects.

• Influencers are modern-day entrepreneurs because they work in traditional business sectors.

Entrepreneurs can protect their intellectual property by:

• registering trademarks and patents

• ignoring legal protections

• sharing their ideas publicly

• avoiding documentation

The process of starting a new business is known as:

• Diversification

• Entrepreneurship

• Liquidation

• Amortization

What is the main difference between a copyright and a patent?

• Copyrights protect inventions, while patents protect literary and artistic works.

• Copyrights have a shorter duration than patents.

• Copyrights protect literary and artistic works, while patents protect inventions.

• Patents are easier to obtain than copyrights.

What is a trademark?

• A symbol, word, or phrase legally registered to represent a company or product.

• A legal document for owning a piece of land.

• A copyright protection for literary and artistic works.

• A patent for a new invention.