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Introduction of Entrepreneurship Module Quizzes

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Introduction of Entrepreneurship Module Quizzes

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Questions and Answers

Which of the following is NOT a potential benefit of entrepreneurship as discussed in the text?

Reduced competition in the market (correct)

Higher standard of living

Balanced regional development

Increased individual saving

Which of the following is NOT a core competency in Entrepreneurship that learners should be able to explain?

Core competencies in Entrepreneurship

Key concepts of common competencies

Job opportunities for Entrepreneurship as a career

Market research techniques (correct)

Which of the following business models is NOT typically associated with entrepreneurship?

Franchising

Partnership

Sole proprietorship

Government-owned corporation (correct)

Which of the following is NOT a potential revenue source for the government mentioned in the text?

Corporate tax Signup and view all the answers

Which of the following statements about entrepreneurship is TRUE?

Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities. Signup and view all the answers

Which of the following is NOT a common task associated with bookkeeping in entrepreneurship?

Conducting market research Signup and view all the answers

In the context of revenue forecasting for a new business venture, which of the following factors would be LEAST important to consider?

Personal preferences of the entrepreneur Signup and view all the answers

Which of the following marketing strategies is LEAST likely to be effective for a new entrepreneurial venture?

Traditional print advertising Signup and view all the answers

In the context of entrepreneurship, which of the following statements about market research is TRUE?

Market research should be conducted before launching a new product or service. Signup and view all the answers

Which of the following is NOT a common responsibility of an entrepreneur in terms of bookkeeping?

Conducting financial audits Signup and view all the answers