Entrepreneurship Essentials Course SEMESTER- II

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Questions and Answers

What is the main focus of the Entrepreneurship Essentials Course?

To learn about the challenges faced by entrepreneurs
To understand the evolution of entrepreneurship
To explore the risks and rewards of entrepreneurship as a career option
To shape students' minds for entrepreneurship and learn necessary concepts (correct)

What is the objective of the course for students?

To learn about the risks and rewards of entrepreneurship as a career option
To develop decision-making skills for new enterprises
To empower with an entrepreneurial mind-set and business skills (correct)
To understand different stages of the enterprise life-cycle

How many credits does the Entrepreneurship Essentials Course offer?

1
4
2
3 (correct)

What does the course aim to achieve for the students?

Empower students with business skills and start them on the entrepreneurship journey (C) Signup and view all the answers

How many unit topics are covered in the course?

9 (A) Signup and view all the answers

What is the percentage weightage assigned to 'Introducing the Entrepreneur' unit topic?

25% (C) Signup and view all the answers

What is the importance of value addition as an entrepreneur?

To differentiate the product from competitors (D) Signup and view all the answers

How will the students be evaluated in this course?

Based on continuous evaluation using assignments, presentations, quizzes, and class participation (C) Signup and view all the answers

What are the common pedagogical tools used in this course?

Lectures and discussion, assignments and presentations, case studies and role-plays (A) Signup and view all the answers

Which of the following is a common myth about entrepreneurs?

Entrepreneurs have a guaranteed path to success (C) Signup and view all the answers

What is the role of an entrepreneur?

To identify opportunities and take risks to create new ventures or bring about change (C) Signup and view all the answers

What is the main focus of corporate entrepreneurship?

Promoting innovation within an existing organization (D) Signup and view all the answers

What does 'Effectuation' refer to in entrepreneurship?

Applying a set of principles to achieve desired outcomes in uncertain situations (A) Signup and view all the answers

What is the purpose of understanding the Business Model Canvas?

To provide a visual representation of a business model and its key elements (A) Signup and view all the answers

What is the difference between an Entrepreneur and a Manager?

Entrepreneurs focus on taking risks and creating new ventures while managers focus on stability and avoiding risks. (D) Signup and view all the answers

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