Types of Entrepreneurship: Small Business
18 Questions
1 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 main focus of Social Entrepreneurship?

  • Operating large companies
  • Innovating new technologies
  • Maximizing profits
  • Producing products and services to address social needs (correct)

Which skill is NOT emphasized as a key skill for entrepreneurs?

  • Programming Skills (correct)
  • Networking
  • Finance Skills
  • Speaking Confidently

What type of entrepreneur starts a business with the belief that their vision can change the world?

  • Scalable Startup Entrepreneur (correct)
  • Small Business Entrepreneur
  • Large Company Entrepreneur
  • Social Entrepreneur

Which aspect is NOT listed as a socio-economic benefit from entrepreneurship?

<p>Overconsumption Promotion (D)</p> Signup and view all the answers

Which of the following is NOT a characteristic of an entrepreneur based on the provided text?

<p>Mechanical Skills (A)</p> Signup and view all the answers

What makes Large Company Entrepreneurship different from Scalable Startup Entrepreneurship?

<p>Size of the company (C)</p> Signup and view all the answers

What is one of the important characteristics that an individual must possess to perform entrepreneurial functions effectively?

<p>Risk-taking (B)</p> Signup and view all the answers

Which factor is NOT part of the CROPPIES G model for assessing personal entrepreneurial qualities?

<p>Creativity &amp; Innovation (A)</p> Signup and view all the answers

What characteristic did Lance Gokongwei, the president and CEO of Cebu Pacific, emphasize in accomplishing tasks effectively?

<p>Goal Setting (C)</p> Signup and view all the answers

What is one key function that Ideation serves in the entrepreneurial process?

<p>Generating New Ideas (D)</p> Signup and view all the answers

Which characteristic did Henry Sy, the founder of SM Group, exhibit by tolerating uncertainties and situations with no guarantee?

<p>Commitment (D)</p> Signup and view all the answers

Which quality is NOT mentioned as important for an individual to succeed in entrepreneurial endeavors?

<p>Market Research Skills (D)</p> Signup and view all the answers

What is the main purpose of angel investors in providing capital to startups or small businesses?

<p>To take ownership of the business (A)</p> Signup and view all the answers

Which type of business organization involves an association of two or more business partners with limited financial liability?

<p>General partnership (D)</p> Signup and view all the answers

In which form of business organization does a person manage all operations and assume full financial responsibility?

<p>Sole Proprietorship (A)</p> Signup and view all the answers

What is the purpose of venture capital being raised by investors pooling their money?

<p>To provide funds for high-potential startups (A)</p> Signup and view all the answers

Which term refers to the total amount of funds needed by a firm to achieve its profit goals?

<p>Capital requirement (B)</p> Signup and view all the answers

What does start-up capital refer to in the context of business operations?

<p>Funds necessary to keep the business running until it breaks even (D)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser