Entrepreneurial Mind Second Final Quiz [Reviewer]
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
Richie Ryan Sudoy
Used 3+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which statement is true about failure in entrepreneurship?
Failure is avoidable with proper planning.
Failure and success are unrelated.
Failure is a natural part of the entrepreneurial journey.
Failure always leads to giving up.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not a benefit of planning?
Focusing on goals
Guaranteed financial success
Keeping track of progress
Identifying risks beforehand
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does TRIM from TRIM framework stands for?
Team, Resources, Idea, Market
Team, Resources, Initiative, Market
Team, Resources, Idea, Management
Team, Resources, Initiative, Market
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main purpose of a business brief?
To develop a product design
To persuade stakeholders to take action
To finalize budgets
To evaluate competitors
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is a business plan important for new entrepreneurs?
It guarantees funding.
It organizes ideas and anticipates challenges.
It eliminates the need for marketing.
It secures immediate investor approval.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is a common reason for business failure?
Overplanning
Lack of appropriate planning
Expanding too slowly
Hiring too many employees
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the first communication instrument that provides an overview of the business in order to raise funds?
Pitch deck
Business brief
Feasibility study
Business model canvas
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