Entrepreneurship Basics Quiz

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Questions and Answers

SME stands for a small and medium-sized ______.

enterprise

An entrepreneur is an individual who starts a new business, taking on financial ______ in the hope of profit.

risks

One of the non-financial motives of entrepreneurs is to ______ something to be proud of.

create

Successful entrepreneurs are typically ______ and can adapt to changes as needed.

<p>proactive</p> Signup and view all the answers

To run a business effectively, it is crucial to be an effective ______.

<p>organizer</p> Signup and view all the answers

Flashcards

What is an SME?

A business with fewer than 250 employees and an annual turnover of less than 50 million euros.

What is an Enterprise?

The action of starting a new business, often involving careful market research.

What is an Entrepreneur?

An individual who starts a new business, taking on financial risks in the hope of profit.

What is a key characteristic of an Entrepreneur?

They have the ability to come up with innovative ideas and develop better ways of doing things.

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What is a key characteristic of an Entrepreneur?

They are able to change their plans or approach as needed based on new information.

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