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, Opportunities, Threats

• Strengths, Weaknesses, Operations, Tactics

• Strengths, Weaknesses, Options, Tactics

• Strengths, Weaknesses, Objectives, Threats

What is the first step in the process of liberalization?

• Establishing trade barriers

• Encouraging monopolies

• Increasing regulations

• Reducing tariffs

Which of the following is NOT a benefit of entrepreneurship?

• Job creation

• Economic growth

• Increased competition

• Guaranteed success

What is a common mistake made by entrepreneurs?

• Conducting market research

• Networking with other businesses

• Ignoring customer feedback

• Creating a business plan

What is the importance of quality assurance in enterprise management?

• To minimize employee training

• To increase production speed

• To ensure customer satisfaction

• To reduce costs

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

• Social media

• Personal savings

• Online surveys

• Public speaking

What is the purpose of a project report?

• To provide a summary of project costs

• To assess project feasibility

• To evaluate team performance

• To outline the project timeline

What is the significance of break-even analysis?

• To determine the maximum profit

• To forecast future sales

• To identify the point of no loss or gain

• To calculate total expenses