Multiple concept - Exam revision

Which of the following is considered an essential enterprise skill for successful entrepreneurship?

• Time management

• Playing musical instruments

• Watching market trends passively

• Avoiding teamwork

Which of the following is a common reason why many new businesses fail?

• Excessive customer demand

• Poor financial management

• Too much initial funding

• Lack of competitors

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

• Daily work schedule

• Marketing strategy

• Personal goals

• Vacation plans

What is the primary purpose of an action plan in business?

• To outline company vision

• To achieve business goals

• To list employee birthdays

• To know company’s profits

Which of the following is an example of identifying a business opportunity?

• Ignoring market trends

• Recognizing a gap in customer needs

• Focusing only on existing products

• Avoiding competitor research

What is the most important factor when evaluating a new business opportunity?

• The number of employees

• Market demand for the product or service

• The owner's personal hobbies

• Office decoration

What best describes intrapreneurship in a business context?

• Starting a new company outside the organization

• Employees acting like entrepreneurs within an existing company

• Outsourcing company projects to freelancers

• Managing only the company’s finances

What is a SOWT analysis?

• Strength, Opportunity, Weakness and Threat

• Strength, Opposite, Weakness and Treasure

• Strength, Opportunity, Week and Threat

• Strength, Opposite, Week and Treasure

In a SWOT analysis, which of the following is considered an internal factor?

• New government regulations

• Economic downturn

• Market trends

• Company’s strong brand reputation

Which term describes an individual who prefers safe investments with minimal risk exposure?

• Risk neutral

• Risk taker

• Risk averse

• Risk seeker