1.5.1 quiz

Which topic focuses on the transition in responsibilities within a business context?

• Moving From Entrepreneur to Leader

• Business Objectives

• Forms of Business

• Entrepreneurial Motives & Characteristics

You are faced with several options for expanding your business. Which section from the contents would best guide your decision-making process?

• Business Choices

• Forms of Business

• Role of an Entrepreneur

• Moving From Entrepreneur to Leader

What is one key activity entrepreneurs must do when starting a business?

• Coordinate the resources necessary to start and operate the business

• Avoid making any business decisions

• Only focus on marketing and advertising

• Ignore financial management

Which CEO is credited with expanding Starbucks globally and making it one of the most recognized brands in the world?

• Howard Schultz

• Marissa Mayer

• Elon Musk

• Satya Nadella

Which policy at Google allowed employees to spend 20% of their work time on personal projects?

• "10% time" policy

• "30% time" policy

• "20% time" policy

• "Free time" policy

What is the main goal of social entrepreneurship?

• To address a social or environmental problem while also earning a living

• To maximise profits for shareholders

• To achieve personal independence

• To avoid any form of profit

Which entrepreneurs started their business with a desire for independence and the ability to work from anywhere?

• Travis Kalanick and Garrett Camp, co-founders of Uber

• Amancio Ortega, founder of Zara

• Blake Mycoskie, founder of TOMS Shoes

• Anita Roddick, founder of The Body Shop

Explain how the advent of technology has influenced the way people start businesses from home. Use evidence from the material to support your answer.

• Technology has made it easier for people to start businesses from home, offering more flexibility and a better work-life balance.

• Technology has made it harder for people to start businesses from home due to increased competition.

• Technology has no impact on starting businesses from home.

• Technology only benefits large corporations, not home businesses.

Strategically, what should an online business owner consider to stand out in a highly competitive market?

• Developing a unique value proposition and effective marketing strategies.

• Ignoring customer feedback.

• Focusing only on local customers.

• Avoiding investment in technology.