Techno Quiz#1

What is the best definition of Entrepreneurship?

• The process of running an existing business

• The capacity and willingness to develop, organize, and manage a business venture along with its risks to make a profit

• A business model that follows traditional methods without innovation

• The act of selling products without taking risks

What key characteristic differentiates an entrepreneur from a businessman?

• Entrepreneurs create new business concepts, while businessmen follow existing ones

• Businessmen take more risks than entrepreneurs

• Entrepreneurs do not focus on innovation

• Businessmen do not earn a profit

Innovation in entrepreneurship means:

• Creating, developing, and implementing something new

• Copying an existing business idea

• Avoiding the use of technology

• Running a business without risks

Why is technology crucial in today’s businesses?

• It slows down business operations

• It provides convenience, efficiency, and innovative solutions

• It is only useful during a pandemic

• It eliminates the need for entrepreneurs

Which of the following businesses is an example of Technopreneurship?

• A traditional bakery that sells bread using the same recipe for decades

• A store that resells existing gadgets without modification

• An online streaming platform like Netflix that evolved from a DVD rental business

• A clothing brand that follows existing fashion trends

In the context of entrepreneurship, why is change important?

• It disrupts businesses and causes instability

• It allows businesses to evolve, improve, and innovate

• It makes businesses struggle to compete

• It is unnecessary for business success

What major problem did Grab solve through innovation?

• The difficulty of finding and securing a safe taxi ride

• The issue of online payment security

• The lack of public transportation in cities

• The shortage of fuel-efficient vehicles

What is the primary goal of Technopreneurship?

• To combine business with entertainment

• To develop innovations using technology to create profitable business solutions

• To focus only on online sales

• To avoid digital transformation in business

Which statement is true?

• A businessman and an entrepreneur are the same

• All businessmen are entrepreneurs

• All entrepreneurs can be businessmen, but not all businessmen can be entrepreneurs

• Entrepreneurs always follow traditional business methods

What is the role of technology in Technopreneurship?

• It is an optional tool for businesses

• It plays a key role in driving innovation and improving business processes

• It makes entrepreneurship more difficult

• It eliminates the need for business management