Entrepreneurship Essentials Quiz
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Questions and Answers

What is the primary focus of entrepreneurship?

  • Providing services to the community
  • Minimizing risks and maximizing rewards
  • Creating employment opportunities (correct)
  • Maximizing profits and minimizing costs

    • Which characteristic is essential for successful entrepreneurship?

  • Having a fixed business plan that never changes
  • Adapting to changing market trends (correct)
  • Avoiding failure at all costs
  • Relying solely on personal skills and knowledge

    • What is a common challenge faced by entrepreneurs?

  • Unlimited access to skilled labor
  • Guaranteed success from the start
  • Lack of competition in the market
  • Limited financial resources (correct)

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