Diploma Engineering Quiz on Entrepreneurship

What is the primary focus of entrepreneurship?

• Creating jobs

• Starting a business

• Investing in stocks

• Writing a business plan

Which of the following is a characteristic of an entrepreneur?

• Conformity

• Dependability

• Creativity

• Risk aversion

What does SWOT stand for in SWOT analysis?

• Strengths, Weaknesses, Options, Tactics

• Strengths, Weaknesses, Opportunities, Threats

• Strengths, Weaknesses, Operations, Tactics

• Strengths, Weaknesses, Objectives, Threats

Which of the following is NOT a benefit of entrepreneurship?

• Innovation

• Job creation

• Financial risk

• Independence

What is the first step in the process of liberalization?

• Encouraging monopolies

• Restricting foreign investment

• Increasing regulations

• Reducing tariffs

What is a common mistake made by entrepreneurs?

• Creating a business plan

• Conducting market research

• Networking with other businesses

• Ignoring customer feedback

Which of the following is a method to generate business ideas?

• Financial forecasting

• Market assessment

• Project appraisal

• SWOT analysis

What is the importance of quality assurance in enterprise management?

• To ensure customer satisfaction

• To increase production speed

• To reduce costs

• To minimize risks

What is the primary purpose of a project report?

• To evaluate team performance

• To document project progress

• To outline project costs

• To assess project feasibility

Which of the following is a source of finance for a business?

• Personal savings

• Market research

• Business plan

• SWOT analysis