Entrepreneurship Module Quiz

What is the primary aim of the entrepreneurship module?

• To provide students with a theoretical understanding of large corporations.

• To offer students a clear and practical understanding of small businesses.

• To teach students about international trade laws.

• To focus on the history of entrepreneurship.

What role do entrepreneurs play according to the module?

• Entrepreneurs are primarily investors in established businesses.

• Entrepreneurs are risk takers in launching new businesses.

• Entrepreneurs are mainly focused on non-profit organizations.

• Entrepreneurs are only involved in marketing strategies.

What will students produce to increase their knowledge in this module?

• A marketing strategy document.

• A financial audit report.

• A business proposal and related business plan.

• A legal compliance checklist.

What is one of the session objectives related to the UK's business environment?

• Understand the UK's business environment and its relationship to entrepreneurship.

• Learn about global marketing strategies.

• Study the history of UK politics.

• Analyze the UK's healthcare system.

Which entrepreneurial theory is mentioned in the session objectives?

• Schumpeter’s innovation theory

• Maslow's hierarchy of needs

• Porter's five forces

• Taylor's scientific management

Who is associated with a theory of entrepreneurship mentioned in the session objectives?

• Kirzner

• Keynes

• Friedman

• Drucker

What is the primary basis of the UK economy?

• Agriculture

• Manufacturing

• Service

• Mining

Which sectors are key to the UK economy?

• Agriculture and Mining

• Finance, Healthcare, Technology, and Retail

• Manufacturing and Construction

• Tourism and Hospitality

How is the UK ranked by the World Bank in terms of business climate?

• Poorly ranked

• Moderately ranked

• Favorably ranked

• Not ranked

What impact did Brexit have on the UK?

• No impact

• Only positive impacts

• Introduced uncertainties but also opportunities

• Only negative impacts