NTREPRENEURSHIP CAT

Which of the following best defines entrepreneurship?

• The process of starting a business

• The process of managing a business

• The process of innovating within a business

• The process of investing in a business

What is a characteristic of successful entrepreneurs?

• Risk aversion

• Resistance to change

• Adaptability

• Avoidance of challenges

What does SWOT analysis stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Sales, Wealth, Output, Turnover

• Strategy, Workforce, Organization, Tools

• Success, Wisdom, Opportunities, Training

Which of the following is NOT a common source of funding for startups?

• Venture capital

• Angel investors

• Bank loans

• Government grants

What does MVP stand for in the context of entrepreneurship?

• Most Valuable Product

• Minimum Viable Product

• Market Validation Plan

• Maximum Visibility Protocol

What term describes the process of converting an idea or invention into a marketable product or service?

• a) Innovation

• b) Commercialization

• c) Standardization

• d) Regulation

Which of the following is NOT a stage in the entrepreneurial process?

• Ideation

• Implementation

• Evaluation

• Withdrawal

Which type of entrepreneurship involves starting a business to address a social or environmental issue?

• Corporate entrepreneurship

• Social entrepreneurship

• Lifestyle entrepreneurship

• Intrapreneurship

What is a unique characteristic of a serial entrepreneur? a) They only start one business in their lifetime. b) They focus solely on making profits. c) They start multiple businesses over their career. d) They avoid taking risks.

• They only start one business in their lifetime.

• They focus solely on making profits

• They start multiple businesses over their career.

• They avoid taking risks.

Which of the following is NOT a common reason for entrepreneurial failure?

• Lack of market demand

• Inadequate funding

• Overemphasis on innovation

• Poor management