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entrepreneurial skills 1

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

which of the following is not a part of the product life cycle

a)

innovative stage

b)

continuity stage

c)

growth stage

2.

which of the following is not a source of business idea?

a)

customer survey

b)

personal experience and talents

c)

business plan

3.

which of the following is not the role of an entrepreneur

a)

allocator

b)

licensing

c)

risk taker

d)

business planner

4.

successful entrepreneurs are born entrepreneurs

a)

true

b)

false

5.

entrepreneurship and self employment are mostly the same thing

a)

true

b)

false

6.

business ownership is better than entrepreneurship

a)

true

b)

false

7.

which of the following is not a factor in selecting business finance

a)

cost of capital

b)

risk

c)

fkexibility

d)

purpose of borrowing

8.

which of the following is not a source of business finance

a)

owner's capital

b)

borrowings

c)

taxes

d)

issue of shares

9.

Define entrepreneurship

a)
The process of designing, launching, and running a new business
b)
The process of managing an existing business
c)
The process of investing in established companies
d)
The process of shutting down a business
10.

identify chracteristics of an entrepreneur

a)

passionate

b)

risk taker

c)

prayerful

d)

reliable

11.

which of the following do not influence entrepreneurship culture in kenya

a)

culture

b)

social security

c)

psychological factors

d)

family

12.

which of the following is not a requirement to entry self employment

a)

registration of business

b)

record keeping

c)

technology

d)
Experience in the field
13.

which is not a source of buiness finance

a)

taxes

b)
Personal savings
c)
Bank loan
d)
Venture capital
14.

business life cycle is the phases that a business passes through from the time its generated in an entrepreneur's mind to the time the business rolls

a)

true

b)

false