NEW
Font size
WorksheetsIntro to Entrepreneurship
Total questions: 10
Worksheet time: 5mins
Entrepreneurship is
a. copying something new of value
b. exposing something new of value
c. creating something new of value
d. recognizing something new of value
Which is not outcome of engaging in entrepreneurship?
generating wealth
sure of income
create job opportunity
taking risk in a business venture
Which is not a competitive advantage?
aesthetic
cost
speed
innovation
Functions of management
PLOC
PCLO
POCL
POLC
Complete responsibility in entrepreneurship means
must be prepared to make decision that are favorable
make decision in areas that the entrepreneur is not familiar at all
not fear of making decision that can have a devastating effecting on the business and its people
tremendous pride to perform as the entrepreneur is too deeply engaged in the business
Which is not included in the Ten Deadly Mistakes of Entrepreneurship?
management mistakes
weak marketing efforts
incorrect or unsuitable pricing
prepared to face the consequence of losing
How to avoid failure in entrepreneurial business?
make business lax and easy
share resources to friends and family
provide promotion all the time
have a thorough and complete financial statement
Which is not a characteristic of an entrepreneur?
effective communicator
boastful
persistence
initiative
The fourth distinct entrepreneurial process
management of the resulting enterprise
determination of the required resources
development of the business plan
identification and evaluation of the opportunity
An entrepreneur is an individual who
actively form own business
lead own business
nurture growth and prosperity
a, b and c
