What is the simplest meaning of entrepreneurship?
Correct answer: A
Entrepreneurship means starting a new work or business. Exam tip: link entrepreneurship with initiative and enterprise.
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Entrepreneurship: definition and characteristics
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Easy · Level 46 · home-science,entrepreneurship,definition
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- Starting a new enterprise
- Only doing a job
- Avoiding work
- Spending without planning
Easy · Level 46 · home-science,entrepreneurship,entrepreneur
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- One who always delays work
- One who starts and runs a new business
- One who only remains a spectator
- One who always avoids risk
Easy · Level 46 · home-science,entrepreneurship,risk-taking
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- Only following orders
- Leaving every work
- Ability to take risk
- Ignoring the market
Easy · Level 46 · home-science,entrepreneurship,innovation
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- Imitation
- Carelessness
- Disorder
- Innovation
Easy · Level 46 · home-science,entrepreneurship,opportunity
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- By understanding customer needs
- By completely leaving the market
- By starting work without thinking
- By running away from problems
Easy · Level 46 · home-science,entrepreneurship,self-confidence
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- To stop work
- To take decisions and move ahead
- To blame others
- To waste time
Easy · Level 46 · home-science,entrepreneurship,planning
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- To increase all risks
- To hide goals
- To clarify resources and work direction
- To close the business
Easy · Level 46 · home-science,entrepreneurship,employment
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- Reducing opportunities
- Stopping work
- Destroying resources
- Employment generation
Easy · Level 46 · home-science,entrepreneurship,accountability
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- Accountability
- Laziness
- Confusion
- Avoiding work
Easy · Level 46 · home-science,entrepreneurship,market-survey
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- Unnecessary expense
- Market survey
- Delaying work
- Breaking privacy
Easy · Level 46 · home-science,entrepreneurship,capital
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- Only for decoration
- To run away from business
- To start resources and operations
- To reduce customers
Easy · Level 46 · home-science,entrepreneurship,problem-solving
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- To increase problems
- To leave work
- To ignore customers
- To find solutions to challenges
Easy · Level 46 · home-science,entrepreneurship,initiative
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- Starting work without being told
- Stopping every work
- Depending on others
- Ignoring opportunity
Easy · Level 46 · home-science,entrepreneurship,business-risk
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- Always success
- Possibility of loss
- No responsibility
- No decision ever
Easy · Level 46 · home-science,entrepreneurship,resource-management
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- To increase expense and waste
- To stop work
- To reduce cost and improve efficiency
- To push customers away
Easy · Level 46 · home-science,entrepreneurship,quality
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- To hide products
- To increase cost without thinking
- To stop work
- For customer satisfaction
Easy · Level 46 · home-science,entrepreneurship,social-benefit
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- Providing useful service to society
- Hiding problems
- Confusing customers
- Wasting resources
Easy · Level 46 · home-science,entrepreneurship,adaptability
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- Stick to old method
- Adapt
- Stay away from customers
- Leave all planning
Easy · Level 46 · home-science,entrepreneurship,creativity
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- Only copying
- Leaving every work
- Bringing new and useful ideas
- Avoiding risk
Easy · Level 46 · home-science,entrepreneurship,communication
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- To reduce customers
- To increase conflict
- To stop work
- To build trust and relationship
Who is called an entrepreneur?
Correct answer: B
An entrepreneur identifies opportunity and starts and runs a business. Exam tip: remember an entrepreneur as a person who takes initiative.
View question detailsWhich is a main characteristic of entrepreneurship?
Correct answer: C
Entrepreneurship needs the ability to take calculated risk. Exam tip: consider risk-taking an entrepreneurial quality.
View question detailsChanging a new idea into a useful product or service is related to what?
Correct answer: D
Innovation turns a new idea into practical use. Exam tip: remember new idea and usefulness together.
View question detailsHow does an entrepreneur identify opportunity?
Correct answer: A
Understanding customer needs can create a good enterprise opportunity. Exam tip: treat need identification as a base of entrepreneurship.
View question detailsWhy is self-confidence important in entrepreneurship?
Correct answer: B
Self-confidence helps an entrepreneur take decisions even in difficulty. Exam tip: remember self-confidence as an entrepreneurial quality.
View question detailsWhy is planning necessary before starting an enterprise?
Correct answer: C
Planning clarifies goals, resources, and work sequence. Exam tip: consider planning as the base of a successful enterprise.
View question detailsWhat is an important social contribution of an entrepreneur?
Correct answer: D
An enterprise can create new work and employment opportunities. Exam tip: link entrepreneurship with employment generation.
View question detailsTaking responsibility for one's decisions shows which entrepreneurial quality?
Correct answer: A
An entrepreneur takes responsibility for decisions and results. Exam tip: connect accountability with entrepreneurship.
View question detailsWhat is collecting market information to know customer preference called?
Correct answer: B
A market survey gives information about customers and demand. Exam tip: link survey with enterprise planning.
View question detailsWhat is capital used for in a business?
Correct answer: C
Capital is used for raw material, tools, and other needs. Exam tip: consider capital as an enterprise resource.
View question detailsWhy is problem-solving ability necessary in an entrepreneur?
Correct answer: D
Challenges occur in business and an entrepreneur finds solutions. Exam tip: remember problem solving as a necessary quality.
View question detailsWhat does initiative mean in entrepreneurship?
Correct answer: A
Initiative means starting work by stepping forward on one's own. Exam tip: treat initiative as a sign of an entrepreneur.
View question detailsWhich risk can come along with profit in a new business?
Correct answer: B
Business has chances of both profit and loss. Exam tip: understand risk as calculated risk.
View question detailsWhy should an entrepreneur use resources properly?
Correct answer: C
Proper use of resources can reduce cost and improve work. Exam tip: remember resource management.
View question detailsFor what is maintaining quality in business necessary?
Correct answer: D
Good quality increases customer trust and satisfaction. Exam tip: link quality with customer satisfaction.
View question detailsAn entrepreneur's goal may be not only earning money but also what?
Correct answer: A
A good enterprise can also fulfil a social need. Exam tip: connect entrepreneurship with social usefulness.
View question detailsWhat should an entrepreneur do according to a changing market?
Correct answer: B
When the market changes, an entrepreneur should adjust with new methods. Exam tip: consider adaptability an entrepreneurial quality.
View question detailsWhat does creativity mean in entrepreneurship?
Correct answer: C
Creativity brings new ideas and better methods. Exam tip: link creativity with innovation.
View question detailsWhy is speaking well with customers useful for an entrepreneur?
Correct answer: D
Good communication strengthens customer relationships. Exam tip: link communication with business success.
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