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Entrepreneurship and Information Technology Quiz

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Entrepreneurship and Information Technology Quiz

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Questions and Answers

What is entrepreneurship?

The process of managing an existing business

The process of investing in an established business

The process of marketing a new business

The process of designing, launching, and running a new business (correct)

How is an entrepreneur commonly seen?

As a follower of existing ideas and businesses

As a passive participant in the business world

As a recipient of ideas and goods from others

As an innovator and a source of new ideas, goods, services, and businesses (correct)

What does an IT enabled business refer to?

A business that uses IT as a platform to run its operations (correct)

A business that prohibits the use of IT in its operations

A business that operates without any IT infrastructure

A business that solely focuses on IT development

What kind of businesses are providing new opportunities for job creation?

Online training, data entry and processing services, Internet Café service, and online product sales Signup and view all the answers

In which countries have mobile-based applications created new opportunities for SMEs?

Developing countries like India and Kenya Signup and view all the answers

What is the primary difference between data and information?

Data is raw facts, while information is processed data in a meaningful way to potential users Signup and view all the answers

What distinguishes e-learning from traditional education?

E-learning is delivered through digital devices, while traditional education is not Signup and view all the answers

What characterizes e-banking?

Funds are transferred through an exchange of electronic signals rather than through an exchange of cash or checks Signup and view all the answers

What defines an information system?

A set of integrated components for collecting, storing, processing data, and providing information Signup and view all the answers

What is the essence of knowledge?

An understanding acquired through the application of information into actions Signup and view all the answers