
IMPACT-ISTAN
Authored by Irtiza Abbas
Business
University
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25 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A product-based business sells services, while a service-based business sells tangible goods
True
False
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an important characteristic of entrepreneurs?
Following traditional paths
Risk-taking
Avoiding all risks
Avoiding change and innovation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a business model and a business plan?
A business model describes how a company generates revenue, while a business plan outlines the company's goals and strategies
A business model outlines the company's goals and strategies, while a business plan describes how a company generates revenue
Both a business model and a business plan describe the company's goals and strategies
Both a business model and a business plan describe how a company generates revenue.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a unique selling proposition (USP)?
A method for acquiring funding for a new business
A type of business structure
A marketing technique used to differentiate a product or service from its competitors
A legal document required to start a business
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is bootstrapping in entrepreneurship?
Starting a business with a large amount of outside funding
Selling a business to another entrepreneur
Starting a business with no outside funding
Using a crowdfunding platform to raise funds for a business idea.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a pitch deck in entrepreneurship?
A presentation used to pitch a business idea to investors
A business plan used to secure funding for a new business
A legal document required to start a business
A type of business structure.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the difference between a venture capitalist and an angel investor?
A venture capitalist invests in established businesses, while an angel investor invests in start-ups
A venture capitalist provides smaller investments than an angel investor
A venture capitalist invests in start-ups, while an angel investor invests in established businesses
Both venture capitalists and angel investors are the same thing.
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