Entrepreneurship Quiz

What is the primary goal of an entrepreneur?

• Earning salary

• Taking loans

• Creating value and solving problems

• Managing employees

Which of the following is NOT a characteristic of entrepreneurship?

• Risk-taking

• Innovation

• Job security

• Opportunity recognition

The process of developing a new product or service is known as:

• Imitation

• Innovation

• Globalization

• Consolidation

What does a business model describe?

• Office layout

• Hiring procedure

• How a company creates and delivers value

• Rules for marketing

Who provides funding to startups in the early stage in exchange for ownership equity?

• Bank manager

• Angel investor

• Customer

• Vendor

Which of the following best describes a “Unicorn” startup?

• A startup that fails in the first year

• A startup run by a solo founder

• A startup valued at over $1 billion

• A startup with 100+ employees

A Pitch Deck is typically used for:

• Selling products

• Raising funds from investors

• Paying salaries

• Buying equipment

Which of the following is a common reason for startup failure?

• Too much funding

• Market need

• Lack of product-market fit

• Employee training

MVP stands for:

• Most Valuable Partner

• Major Venture Plan

• Minimum Viable Product

• Market Value Proposition

In SWOT analysis, ‘W’ refers to:

• Wins

• Weaknesses

• Wealth

• Workload