Are you familiar with the world of business and entrepreneurship? Test your know...
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Questions and Answers

What is a business?

  • A not-for-profit organization
  • An organization that provides goods and services to consumers (correct)
  • An individual who generates income directly from customers
  • A state-owned organization

What is entrepreneurship?

  • The act of generating income directly from customers
  • The process of starting a business or other organization (correct)
  • The process of finding employment with an existing business
  • The process of running a business

What is self-employment?

  • Being an employee of a business
  • Operating a not-for-profit organization
  • Owning a state-owned business
  • Generating one's income directly from customers, clients, or other organizations (correct)

What is the profile of an entrepreneur?

<p>Self-disciplined, motivated, self-sufficient, reliable decision maker, committed to long hours of work, high level of risk tolerance (B)</p> Signup and view all the answers

Why might a person set up a business?

<p>To work for themselves rather than for somebody else, to pursue a new and interesting idea, to find employment with an existing business, to operate a not-for-profit organization (D)</p> Signup and view all the answers

What is a business?

<p>An organization involved in the trade of goods, services or both to consumers. (C)</p> Signup and view all the answers

What is entrepreneurship?

<p>The process of starting a business or other organization. (A)</p> Signup and view all the answers

What is self-employment?

<p>The act of generating one's income directly from customers, clients or other organizations. (D)</p> Signup and view all the answers

What is the profile of an entrepreneur?

<p>Self-disciplined, strong motivation to achieve, high level of self-sufficiency, reliable decision maker, commitment to long hours of work, high level of risk tolerance. (B)</p> Signup and view all the answers

Why might a person set up a business?

<p>To work for themselves rather than for somebody else (D)</p> Signup and view all the answers

What is the definition of a business?

<p>An organization involved in the trade of goods, services or both to consumers (B)</p> Signup and view all the answers

What is entrepreneurship?

<p>The process of starting a business (C)</p> Signup and view all the answers

What is self-employment?

<p>The act of generating one's income directly from customers (B)</p> Signup and view all the answers

What is the profile of an entrepreneur?

<p>Commitment to long hours of work (C)</p> Signup and view all the answers

Why might a person set up a business?

<p>To generate income directly from customers (D)</p> Signup and view all the answers

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