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Entrepreneurship Essentials

Authored by Sarah Ayyad

Other

11th Grade

Used 1+ times

Entrepreneurship Essentials
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10 questions

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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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