Entrepreneurship Quiz

What does the term 'entrepreneur' originate from?

• Latin word 'entreprendere'

• Spanish word 'emprender'

• French word 'entreprendre'

• Italian word 'imprendere'

What is a key characteristic of entrepreneurship?

• Only for large businesses

• Governed by fixed rules

• Wealth-creating venture

• Requires no risk

Which of the following is NOT a benefit of entrepreneurship education?

• Develops problem-solving capabilities

• Guarantees business success

• Enhances creativity

• Teaches basic life skills

What does SWOT analysis evaluate?

• Only financial factors

• Both internal and external factors

• Only external factors

• Only internal factors

Which of the following is a component of a business plan?

• Social media strategy

• Employee handbook

• Financial plan

• Personal diary

What does PEST analysis stand for?

• Political, Economic, Social, Technological

• People, Environment, Society, Technology

• Product, Efficiency, Sales, Training

• Planning, Evaluation, Strategy, Tactics

Which of the following is a risk associated with entrepreneurship?

• Guaranteed profits

• Market stability

• Uncertainty

• Fixed costs

What is the primary focus of entrepreneurship?

• Job security

• Wealth creation

• Market regulation

• Employee satisfaction

Which of the following is a characteristic of an entrepreneur?

• Opportunity-seeker

• Follows trends

• Prefers routine

• Avoids risks

What is the purpose of environmental scanning?

• To ignore market trends

• To focus solely on internal factors

• To detect opportunities and threats

• To create a marketing plan