QUIZ 2

what is entrepreneurship?

• process of starting business

• act of gaming

• a person

• a process of challenging

What are the key characteristics of an entrepreneur?

• Conformity

• Passivity

• Indecisiveness

• Risk-taking

Which of the following is a common source of funding for startups?

• All of the above

• Personal savings

• Lottery winnings

• Inheritance

What is a business plan?

• A legal contract

• A financial report

• A document outlining business goals

• A marketing strategy

Which of the following is a common challenge faced by entrepreneurs?

• Finding a suitable location

• Managing time effectively

• Hiring employees

• All of the above

What is a key benefit of having a mentor in entrepreneurship?

• Access to funding

• Networking opportunities

• Guaranteed success

• Reduced competition