Random Questions on Entrepreneurship

How do many people become millionaires?

• They save aggressively.
• They avoid debt.
• The invest their money.
• All of these

60% of __________________ fail in the first three years

• Coffee shops

• Restaurants

• Retail shops

• Manufacturing plants

What is an entrepreneur?

• A person who is in charge of a specific location.
• A person who works for someone else in order to learn skills.
• A person who organizes and operates a business or businesses.
• None of these

Who created Facebook?

• Mark Zuckerberg
• Elon Musk
• JK Rowling
• Walt Disney

A new or different product

• Harvesting
• Innovation
• Opportunity
• Risk

A business that performs tasks for customers.

• retail business
• service business
• franchise
• corporation

Which is NOT part of the procedure of developing an advertising campaign?

• Define your market

• Prototype your product

• Establish your budget

• Create an advertising strategy

Involves dedicating yourself to something, like a person or a cause.

• COMMITMENT

• CREATIVE

• PASSION

• RISK TAKER

Starting and owning a person's own business

• corporation
• entrepreneurship
• sole proprietorship
• partnership

An entrepreneur is someone who works for themselves.

• True
• False