Zambian Entrepreneurship Quiz

Zambian Entrepreneurship Quiz

University

60 Qs

quiz-placeholder

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Zambian Entrepreneurship Quiz

Zambian Entrepreneurship Quiz

Assessment

Quiz

Business

University

Easy

Created by

Linda Meki

Used 1+ times

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60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a common misconception about venture capital in Zambian entrepreneurship?

Start-ups must avoid all external funding

Venture capital guarantees business success

Crowd-funding is the only viable option

Government grants are irrelevant

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which regulatory body oversees pharmaceutical standards in Zambia?

Zambia Revenue Authority (ZRA)

Zambia Medicines Regulatory Authority (ZAMRA)

Zambia Chamber of Commerce

Ministry of Health Licensing Division

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the break-even point signify for a pharmacy start-up?

The moment employee turnover decreases

When revenue equals total fixed and variable costs

The point of maximum profit

When inventory is fully stocked

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which resource is critical for minimizing dispensing errors in a pharmacy?

Financial capital

Pharmacy management software

Marketing budgets

Aesthetic store design

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement exemplifies the 'Strategic Vision Myth'?

Entrepreneurs rely solely on intuition without planning

Detailed business plans are essential for success

Market research is unnecessary

Risk avoidance is a priority

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a key cultural factor influencing entrepreneurship in Zambia?

Universal access to venture capital

High risk tolerance among communities

Gender-neutral access to resources

Strict avoidance of innovation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which financial statement shows a company's assets, liabilities, and equity?

Income statement

Cash flow statement

Balance sheet

Break-even analysis

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