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

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

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

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

• Financial capital

• Pharmacy management software

• Marketing budgets

• Aesthetic store design

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

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

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

• Income statement

• Cash flow statement

• Balance sheet

• Break-even analysis

What is the primary purpose of equity financing?

• Repaying loans with interest

• Issuing shares to raise funds

• Using personal savings exclusively

• Avoiding financial planning

Which is an example of an intangible resource in a pharmacy?

• Licensed premises

• Trademarks

• Inventory shelves

• Security cameras

Which factor is NOT a challenge for Zambian start-ups seeking funding?

• High interest rates on loans

• Excessive customer demand

• Limited access to venture capital

• Stringent collateral requirements