Entrepreneurship Basics Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary objective of entrepreneurship?

  • To take on financial risks for personal gain (correct)
  • To eliminate competition in the market
  • To manage existing businesses
  • To provide employment opportunities

    • Which of the following best describes entrepreneurship?

  • The act of purchasing an already established company
  • The process of enhancing company operations
  • The activity of starting a business and assuming financial risks (correct)
  • The management of public services and nonprofit organizations

    • What does taking on financial risks in entrepreneurship imply?

  • Investing money that guarantees a profit
  • Engaging in uncertain business ventures for potential profit (correct)
  • Attempting to minimize expenses while maximizing revenue
  • Avoiding any investment in uncertain markets

    • Which statement accurately reflects the nature of entrepreneurship?

    <p>Entrepreneurship can be pursued by individuals as well as organizations</p> Signup and view all the answers

    What is a key characteristic of successful entrepreneurs?

    <p>An ability to identify and take calculated risks for potential profit</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser