
Entrepreneurship Essentials
Quiz
•
Other
•
11th Grade
•
Hard
Sarah Ayyad
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the definition of entrepreneurship?
Entrepreneurship is the process of avoiding any financial risks.
Entrepreneurship is the activity of setting up a business or taking a risk to earn profit
Entrepreneurship is the act of working as an employee in a large corporation.
Entrepreneurship involves only taking financial risks without the hope of profit.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Who are the different types of entrepreneurs?
Corporate entrepreneurs
Freelance entrepreneurs
Oppurtunity, neseccity & Serial
Traditional, and corporate entrepreneurs
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the business planning process in entrepreneurship?
Come up with a business idea, conduct market research, define target market, develop marketing strategy, create detailed business plan, secure funding, implement plan
Identify the business idea, conduct market research, define target market, develop marketing strategy, create detailed business plan, secure funding, implement plan
Identify the business idea, conduct market research, define target market, develop marketing strategy, create brief business plan, secure funding, implement plan
Identify the business idea, skip market research, define target market, develop marketing strategy, create detailed business plan, secure funding, implement plan
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are the common funding sources for startups?
angel investors, venture capital firms, crowdfunding platforms, accelerators, bank loans
peer-to-peer lending, hedge funds, lottery winnings
family loans, credit card debt, stock market investments
personal savings, government grants, cryptocurrency investments
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How does innovation play a role in entrepreneurship?
Innovation has no impact on entrepreneurship
enables entrepreneurs to create unique products or services,
Entrepreneurs never need to innovate
Innovation only leads to failure in entrepreneurship
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are some of the challenges faced in entrepreneurship?
Financial constraints, market competition, uncertainty
Overabundance of resources
Lack of motivation, and a lot of oppurtunities in the market
Easy access to funding
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Explain the concept of social entrepreneurship.
Social entrepreneurship combines business strategies with a focus on social or environmental impact.
Social entrepreneurship is not concerned with societal impact
Social entrepreneurship focuses solely on profit maximization
Social entrepreneurship is a form of traditional entrepreneurship
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