E Cell Orientation 2024

What is an entrepreneur?

• Someone who starts their own business

• Someone who manages someone else’s business

• Someone who works for a company

• Someone who invests in the stock market

Which of the following is a characteristic of a successful entrepreneur?

• Risk-averse

• Ability to innovate

• Prefers working for others

• Avoids taking risks

What does 'bootstrapping' mean in the context of a startup?

• Relying on external funding for business growth

• Using personal finances to start and grow a business

• Starting a business with venture capital

• A strategy for selling a business quickly

What is the primary goal of a startup during the early stages?

• Focus on scaling

• Achieving a break-even point

• Maximizing profit

• Building a strong user base

Which of the following is NOT a type of funding for startups?

• Angel investment

• Crowdfunding

• Venture capital

• Salary advance

What is an MVP in a startup context?

• Minimum Viable Product

• Most Valuable Person

• Maximum Value Product

• Multi-Version Prototype

What does 'scaling' mean for a startup?

• Increasing the company’s workforce

• Expanding the company’s customer base and revenues

• Reducing operational costs

• Building a better product

Which term refers to the percentage of customers who stop using a product over a given time period?

• Retention rate

• Conversion rate

• Churn rate

• Growth rate

Which of the following companies was started in a garage?

• Apple

• Amazon

• Google

• Facebook

Which famous entrepreneur founded Tesla and SpaceX?

• Jeff Bezos

• Bill Gates

• Elon Musk

• Mark Zuckerberg