Entrepreneurial Studies Quiz

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Questions and Answers

What is the most common form of entrepreneurship?

  • Return on investment
  • Angel money
  • Business startup (correct)
  • Venture capital
  • Borrowing

What does the vision statement of a business describe?

  • The aims, objective, and goal of the business (correct)
  • The financial projections of the business
  • The organizational structure of the business
  • The marketing strategies of the business

What does SMEs stand for?

  • Small and multinational enterprise
  • Small and macroenterprise
  • Small and microenterprise
  • Small and medium scale enterprise (correct)

What is the main function of an entrepreneur?

<p>Making decisions and implementing them (C)</p>
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What does entrepreneurship mainly represent?

<p>Private sector activity (A)</p>
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Flashcards

Business Startup

A new business venture created by an individual or a team.

Vision Statement

Describes the aspirations, objectives, and ultimate purpose a business aims to achieve.

SMEs

Businesses whose personnel numbers and annual turnover or balance sheet fall below certain limits.

Entrepreneur's Main Task

Entrepreneurs are responsible for making key choices and putting these decisions into action.

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Entrepreneurship

Entrepreneurship represents activity in the sector of the economy that is not under direct government control.

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