Entrepreneurship Basics Quiz

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7 Questions

Entrepreneurship involves seeking opportunities for a market, establishing and operating a business opportunity, and assessing its risks and rewards through close monitoring of operations.

True

Entrepreneurship is the process of maintaining an existing business venture to ensure consistent profit.

False

Developing a business venture through entrepreneurship does not involve assessing risks and rewards.

False

A sound business plan is not necessary for successful entrepreneurship.

False

Entrepreneurship only benefits the entrepreneur and not the society or economy.

False

Entrepreneurship does not have any impact on wealth distribution within local communities.

False

Creating innovative products and services is not part of the entrepreneurial process.

False

Test your knowledge on entrepreneurship basics including developing a business venture, seeking market opportunities, and assessing risks and rewards. This quiz will cover the process of designing, launching, and running a new business.

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