Which thing should be included in a business plan?
Correct answer: A
A business plan includes goals, resources, and work direction. Exam tip: understand a business plan as a roadmap.
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Entrepreneurship: definition and characteristics
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Easy · Level 46 · home-science,entrepreneurship,business-plan
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- Goals and resources
- Only rumour
- Only holiday
- Spending without reason
Easy · Level 46 · home-science,entrepreneurship,self-employment
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- Complete unemployment
- Self-employment
- Avoiding work
- Only rest
Easy · Level 46 · home-science,entrepreneurship,time-management
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- To always delay work
- To ignore customers
- To complete work on time
- To hide resources
Easy · Level 46 · home-science,entrepreneurship,honesty
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- To spread wrong information
- To hide profit
- To confuse customers
- To build trust
Easy · Level 46 · home-science,entrepreneurship,calculated-risk
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- Calculated risk
- Risk without information
- Blind risk
- Careless risk
Easy · Level 46 · home-science,entrepreneurship,leadership
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- To stop work
- To guide the team and work
- To run away from customers
- To destroy resources
Easy · Level 46 · home-science,entrepreneurship,perseverance
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- Laziness
- Fear
- Perseverance
- Neglect
Easy · Level 46 · home-science,entrepreneurship,financial-management
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- To hide work
- To drive customers away
- To end planning
- For financial control
Easy · Level 46 · home-science,entrepreneurship,self-reliance
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- By giving own work and source of income
- By increasing full dependence on others
- By leaving work
- By giving no responsibility
Easy · Level 46 · home-science,entrepreneurship,customer-need
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- Disorder
- Customer-centred thinking
- Waste of time
- Running from risk
Easy · Level 46 · home-science,entrepreneurship,determination
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- Carelessness
- Improper pride
- Determination
- Avoiding work
Easy · Level 46 · home-science,entrepreneurship,pricing
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- Only guessing
- Ignoring customers
- Stopping work
- Understanding market and cost
Easy · Level 46 · home-science,entrepreneurship,communication
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- Speaking clearly with customers and team
- Hiding work
- Increasing problems
- Leaving planning
Easy · Level 46 · home-science,entrepreneurship,customer-service
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- Ignoring
- Service attitude
- Ego
- Disorder
Easy · Level 46 · home-science,entrepreneurship,goal-setting
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- To keep work uncertain
- To waste time
- To clarify work direction
- To waste resources
Easy · Level 46 · home-science,entrepreneurship,competition
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- To close own business
- To confuse customers
- To waste time
- To make a better strategy
Easy · Level 46 · home-science,entrepreneurship,hard-work
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- Hard work
- Indifference
- Fear of work
- Disorder
Easy · Level 46 · home-science,entrepreneurship,decision-making
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- To use opportunity properly
- To spoil work
- To hide resources
- To reduce customers
Easy · Level 46 · home-science,entrepreneurship,teamwork
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- When work is not possible alone
- When work must be stopped
- When customers must be removed
- When planning is not needed
Easy · Level 46 · home-science,entrepreneurship,growth
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- Growth thinking
- Avoiding work
- Unnecessary spending
- Running from risk
Starting one's own work on a small scale is related to what?
Correct answer: B
In self-employment, a person starts work and earns income. Exam tip: link self-employment with entrepreneurship.
View question detailsWhy should an entrepreneur learn time management?
Correct answer: C
Time management improves both work and customer service. Exam tip: consider time as an entrepreneurial resource.
View question detailsWhy is honesty necessary in business?
Correct answer: D
Honesty increases the trust of customers and society. Exam tip: link honesty with business ethics.
View question detailsWhat type of risk does an entrepreneur prefer to take?
Correct answer: A
An entrepreneur takes risk based on information and planning. Exam tip: understand risk-taking as calculated risk.
View question detailsWhy is leadership necessary in entrepreneurship?
Correct answer: B
Leadership gives goal and direction to a team. Exam tip: consider leadership an entrepreneurial characteristic.
View question detailsContinuing efforts consistently is an example of which entrepreneurial quality?
Correct answer: C
Perseverance helps an entrepreneur move forward even after difficulty. Exam tip: link perseverance with success.
View question detailsWhy should an entrepreneur keep records of profit and expenses?
Correct answer: D
Keeping records helps understand the financial condition of business. Exam tip: link accounting with financial discipline.
View question detailsHow can entrepreneurship make a person independent?
Correct answer: A
One's own enterprise gives self-employment and income opportunity. Exam tip: link entrepreneurship with self-reliance.
View question detailsUnderstanding customer need before making a new product shows what?
Correct answer: B
Customer-centred thinking makes a product useful. Exam tip: link customer need with market opportunity.
View question detailsWhich quality helps an entrepreneur try again after failure?
Correct answer: C
Determination gives strength to move ahead after difficulty. Exam tip: consider effort after failure an entrepreneurial quality.
View question detailsSetting the right price in business is related to what?
Correct answer: D
Pricing requires understanding cost and customer capacity. Exam tip: link price with cost and market.
View question detailsWhat is communication skill used for by an entrepreneur?
Correct answer: A
Communication creates correct understanding with customers, team, and partners. Exam tip: link communication with entrepreneurial success.
View question detailsListening to a customer's complaint in business shows which quality?
Correct answer: B
Listening to complaints helps improvement and customer satisfaction. Exam tip: treat complaints as improvement opportunities.
View question detailsWhy is goal setting necessary in entrepreneurship?
Correct answer: C
Goals give direction and purpose to the entrepreneur. Exam tip: link goal setting with planning.
View question detailsWhy should an entrepreneur know about competition?
Correct answer: D
Understanding competition helps improve service and strategy. Exam tip: link competition with market study.
View question detailsWhat is an important personal quality of a successful entrepreneur?
Correct answer: A
Hard work helps an enterprise grow. Exam tip: link hard work with entrepreneurial success.
View question detailsWhy should an entrepreneur take decisions quickly but carefully?
Correct answer: A
Timely and thoughtful decisions help use opportunities. Exam tip: do not treat quick decision as careless decision.
View question detailsWhen is teamwork necessary for an entrepreneur?
Correct answer: A
In bigger work, team cooperation improves performance. Exam tip: remember teamwork in entrepreneurship too.
View question detailsReinvesting small profit into the business shows which thinking?
Correct answer: A
Proper use of profit helps grow the business. Exam tip: link reinvestment with growth.
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