Module 1 Quiz

What is the definition of entrepreneurship?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of idea?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of ideation?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of customers?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What does it mean for something to be viable?

• Having a reasonable chance of succeeding; financially sustainable

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of innovation?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the meaning of the term 'entrepreneur'?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of creativity?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What does it mean for a business to be profitable?

• Having a reasonable chance of succeeding; financially sustainable

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service

What is the definition of market research?

• A person who starts a business and is willing to risk loss in order to make money

• A formulated thought or opinion

• The capacity for or the act of forming ideas

• One that purchases a commodity or service