Entrepreneurship and Business Knowledge Quiz

What is the primary focus of entrepreneurship according to the text?

• To minimize risks and avoid innovation

• To create and run a business while accepting risks for potential rewards

• To work for a large corporation

• To follow traditional business practices without change

Who founded Amazon, and where did it originally start?

• Steve Jobs, in a garage in Cupertino

• Bill Gates, in a basement in Seattle

• Jeff Bezos, in a garage

• Elon Musk, in a warehouse

How are businesses typically categorized according to the text?

• By the color of their logo

• By the number of employees or size

• By the age of the company

• By the type of products they sell

What is the employee range for a medium-sized business as mentioned in the text?

• 1 to 49 employees

• 50 to 249 employees

• 250 to 499 employees

• 500 or more employees

What was Madam CJ Walker's business focus when she started her entrepreneurship journey?

• Selling homemade hair care products

• Opening a chain of restaurants

• Developing a new technology

• Writing and publishing books

What is the primary focus of entrepreneurs compared to small-business owners?

• Maintaining a stable business

• Innovation and scaling a business

• Offering tax preparation services

• Following traditional business models

Who was the engineer at Sony that played a key role in the development of the PlayStation?

• Spencer Silver

• Art Fry

• Ken Kutaragi

• Steve Jobs

What is the term used for employees who apply entrepreneurial principles within a large company?

• Entrepreneurs

• Intrapreneurs

• Social entrepreneurs

• Technopreneurs

Which product was developed by Spencer Silver and Art Fry at 3M?

• PlayStation

• Remote work software

• Post-it notes

• Gaming console

What is a characteristic of social entrepreneurs?

• They focus solely on profit

• They start businesses for the purpose of doing good

• They avoid using innovative technologies

• They only work in remote locations