Entrepreneurship Final Exam - Fall 2024

Front

What is the definition of entrepreneurship?

Back

The process of starting and running a business.

Front

Which of the following is a characteristic of a successful entrepreneur? Avoiding risks at all costs, Resisting change, Persistence and resilience, Ignoring market trends

Back

Persistence and resilience

Front

Which term refers to the process of gathering information about potential customers and competitors to improve business decision-making? Options: Marketing, Networking, Market Research, Sales

Back

Market Research

Front

Entrepreneurs are risk-averse and avoid taking chances in their business ventures. True or False?

Back

False

Front

What is the definition of liability? (in the context of business ownership)

Back

The state of being responsible for something

Front

This type of business is owned by one person.

Back

Sole Proprietorship

Front

This type of business is owned by many people called stockholders.

Back

Corporation

Front

What is an asset?

Back

Something of value

Front

An investor pitch should clearly communicate the potential return on investment for investors and how their funds will contribute to the growth and success of the business.

Back

True

Front

What best defines an investor pitch? Options: A sales presentation aimed at customers, A detailed report on employee performance, A brief presentation to persuade potential investors to invest in the business, A legal document outlining business operations

Back

A brief presentation to persuade potential investors to invest in the business