L4-ENTREPRENEURSHIP

What is the primary reason people become entrepreneurs?

• Desire for a higher salary

• Desire to be their own boss

• Desire to work fewer hours

• Desire to retire early

Which of the following is a defining characteristic of successful entrepreneurs?

• Lack of interest in customer feedback

• Passion for the business

• Avoidance of risks

• Immediate success without failure

Which of the following is NOT a benefit of entrepreneurship?

• Creating your own destiny

• Risk of losing your entire investment

• Reaching your full potential

• Reaping impressive profits

What is a key factor that makes some people better at recognizing opportunities than others?

• Luck

• Entrepreneurial alertness

• Financial resources

• Physical strength

Which of the following is a common method to identify business opportunities?

• Ignoring market trends

• Brainstorming

• Following only existing products

• Copying competitor strategies

Which of the following contributes to the increase in the number of small businesses?

• Lack of innovation

• Technological advances

• Decreasing diversity in entrepreneurship

• Increasing barriers to entry

What is a feasibility analysis primarily used for?

• To develop a business plan

• To check if a business idea can work

• To execute a marketing strategy

• To hire employees

Which type of feasibility focuses on ensuring the availability of the right tools and materials?

• Financial feasibility

• Market feasibility

• Technical feasibility

• Legal feasibility

Which of the following is part of assessing market feasibility?

• Estimating startup costs

• Assessing team skills

• Understanding who your competitors are

• Registering your business

Which of the following is a key tool for evaluating business opportunities?

• Business model canvas

• Trial and error

• Guesswork

• Avoiding feedback