ANWSER
Question1: What is the origin of the word “entrepreneurship”?
Answer: B) French
Question2: Who is often credited as the “father of entrepreneurship”?
Answer: D) Joseph Schumpeter
Question3: What is a key characteristic of entrepreneurship?
Answer: C) Innovation
Question4: What does entrepreneurship primarily focus on?
Answer: C) Discovery and pursuit of opportunities
Question5: What is the main focus of scalable startup entrepreneurship?
Answer: C) Rapid expansion
Question6: Which of the following is NOT a reason people become entrepreneurs?
Answer: B) Fear of risk-taking
Question7: Which characteristic is essential for an entrepreneur?
Answer: C) Visionary thinking
Question8: What type of entrepreneurship is based on improving others’ ideas?
Answer: C) Imitator entrepreneurship
Question9: Which type of entrepreneurship focuses on solving social problems?
Answer: C) Social entrepreneurship
Question10: Who is a hustler entrepreneur?
Answer: C) Someone who works hard and is persistent
Question11: What is a key advantage of small business entrepreneurship?
Answer: C) Family-owned and locally operated
Question12: Which type of entrepreneur is likely to create unique products?
Answer: D) Innovator
Question13: A researcher entrepreneur is characterized by:
Answer: C) Extensive planning and data analysis
Question14: Which of these is a reward of entrepreneurship?
Answer: C) Independence
Question15: Entrepreneurship fosters community development by:
Answer: C) Supporting educational and social initiatives
Question16: The primary motivation for social entrepreneurs is:
Answer: B) Creating social impact
Question17: What type of entrepreneur uses wealth to acquire businesses?
Answer: C) Buyer
Question18: Intrapreneurship refers to:
Answer: B) Innovating within an existing organization
Question19: Which of the following is NOT a step in intrapreneurial development?
Answer: C) Company exit strategy
Question20: Entrepreneurs generally have:
Answer: B) A strong vision for their business
Question21: Which factor does NOT promote entrepreneurship development?
Answer: B) High unemployment rates
Question22: The entrepreneurial characteristic of flexibility refers to:
Answer: B) Adapting to changes
Question23: Innovation in entrepreneurship refers to:
Answer: C) Introduction of new ideas and processes
Question24: Which is a cost of entrepreneurship?
Answer: C) Time constraints and financial risks
Question25: Scalable startups are often found in:
Answer: C) Silicon Valley
Question26: Which type of entrepreneur aims to solve social issues rather than seek profits?
Answer: C) Social entrepreneur
Question27: Who is commonly known as the “father of entrepreneurship”?
Answer: B) Joseph Schumpeter
Question28: In intrapreneurship, the entrepreneurial activities take place within:
Answer: C) An existing organization
Question29: What is the primary goal of intrapreneurship within an organization?
Answer: B) To enhance company innovation and competitiveness
Question30: Which of the following describes “scalable startup entrepreneurship”?
Answer: B) A venture with high growth potential, often seeking venture capital
Question31: Which characteristic of an entrepreneur reflects their willingness to embrace failure and success?
Answer: C) Risk-taking
Question32: The reward for successful entrepreneurship is typically:
Answer: A) Economic power and independence
Question33: A small grocery store owned by a family is an example of:
Answer: C) Small business entrepreneurship
Question34: The entrepreneurial process generally begins with:
Answer: B) Looking for economic opportunities
Question35: Who is an intrapreneur?
Answer: B) An entrepreneur within an organization
Question36: Which factor is NOT considered as promoting entrepreneurship development?
Answer: B) Lack of education
Question37: Which type of entrepreneurship is highly innovative and often involves new technology?
Answer: C) Scalable startup entrepreneurship
Question38: The primary difference between an entrepreneur and a businessman is that an entrepreneur:
Answer: C) Takes on greater risks to develop unique ideas
Question39: The economic system that best supports entrepreneurship is:
Answer: B) A free enterprise system
Question40: The characteristic that reflects an entrepreneur’s willingness to make adjustments is:
Answer: B) Flexibility
Question41: In which type of entrepreneurship is copying and improving existing ideas common?
Answer: C) Imitator entrepreneurship
Question42: A solepreneurship refers to:
Answer: C) A single person running the business independently
Question43: An essential reward for entrepreneurs is the ability to:
Answer: C) Realize one’s ambition and self-actualization
Question44: What is the most likely consequence of failed entrepreneurship?
Answer: C) Loss of capital
Question45: Which of the following describes buyer entrepreneurship?
Answer: B) Buying and growing established businesses
Question46: Entrepreneurs who are motivated by helping communities and the environment are:
Answer: C) Social entrepreneurs
Question47: Which is NOT a benefit of entrepreneurship to society?
Answer: C) Financial losses
Question48: Which of these factors does NOT enhance entrepreneurship development?
Answer: B) Rigid government policies
Question49: Entrepreneurial ventures are known for:
Answer: A) High risk and high innovation
Question50: An example of an entrepreneurial venture is:
Answer: C) A tech startup with innovative solutions
Question51: An entrepreneur is primarily characterized by their:
Answer: B) Innovation and risk-taking
Question52: The term “angel investor” refers to:
Answer: A) A wealthy individual who invests in startups
Question53: The process of evaluating a business opportunity is called:
Answer: B) Feasibility study
Question54: Which document outlines a company’s goals and strategies?
Answer: C) Business Plan
Question55: A “unicorn” in business terminology refers to:
Answer: B) A company valued at over $1 billion
Question56: Entrepreneurs who replicate and improve existing products are known as:
Answer: C) Imitator entrepreneurs
Question57: An organization’s vision statement focuses on its:
Answer: C) Long-term goals and aspirations
Question58: The term “bootstrapping” in entrepreneurship means:
Answer: A) Starting a business with minimal external funding
Question59: Crowdfunding involves:
Answer: C) Raising small amounts of capital from many individuals
Question60: Which of the following is NOT an entrepreneurial trait?
Answer: C) Desire for routine
Question61: The type of innovation that improves existing products is called:
Answer: C) Incremental innovation
Question62: Venture capital is primarily used by startups for:
Answer: B) Large-scale growth and expansion
Question63: Which of these is a primary motivator for entrepreneurs?
Answer: B) Control and independence
Question64: The four primary types of entrepreneurship are small business, scalable startup, large company, and:
Answer: A) Social
Question65: Which of these is an example of a bootstrapped business?
Answer: B) A small bakery started with personal savings
Question66: Which phase comes first in the entrepreneurial process?
Answer: A) Opportunity identification
Question67: An entrepreneur’s inclination to see things differently from the status quo is known as:
Answer: C) Creativity
Question68: Which is a major disadvantage of entrepreneurship?
Answer: C) Financial risk
Question69: A startup that rapidly tests and pivots its idea in response to market feedback is following the:
Answer: A) Lean Startup methodology
Question70: Which term describes a company in its very early stage of development?
Answer: C) Startup
Question71: A “business model canvas” is a tool that helps entrepreneurs:
Answer: B) Outline their business model
Question72: A “serial entrepreneur” is someone who:
Answer: A) Starts multiple businesses in succession
Question73: Entrepreneurial activity that disrupts existing markets is termed:
Answer: B) Disruptive innovation
Question74: In the context of startups, MVP stands for:
Answer: B) Minimum Viable Product
Question75: When an entrepreneur builds a product to test the market with minimum resources, this is called:
Answer: D) Bootstrapping
Question76: Which of the following best defines “market segmentation”?
Answer: B) Dividing a market into smaller, distinct groups
Question77: A business owned and operated by one person is called a:
Answer: D) Sole proprietorship
Question78: The “elevator pitch” refers to:
Answer: C) A short summary of a business idea
Question79: Which of the following is a benefit of conducting a SWOT analysis?
Answer: B) Identifying internal strengths and weaknesses
Question80: The term “cash flow” refers to:
Answer: C) The total money flowing in and out of a business
Question81: “Economies of scale” can best be described as:
Answer: B) Decreased costs per unit as production rises
Question82: In business, a “pivot” means to:
Answer: B) Change or adjust business strategy
Question83: A company’s target market is:
Answer: C) The specific group of consumers it aims to serve
Question84: The break-even point is reached when:
Answer: B) Revenue equals expenses
Question85: Which of the following is an advantage of a partnership?
Answer: B) Easier access to capital
Question86: The process of hiring an external company to perform services is called:
Answer: B) Outsourcing
Question87: What does “ROI” stand for in financial terms?
Answer: A) Return on Investment
Question88: A business incubator is designed to:
Answer: C) Provide support for startup companies
Question89: The ability to bring in new ideas and execute them is called:
Answer: B) Innovation
Question90: “Networking” in entrepreneurship is essential for:
Answer: B) Building valuable business relationships
Question91: In a SWOT analysis, “O” stands for:
Answer: B) Opportunities
Question92: A company that licenses its brand to third-party operators is a:
Answer: B) Franchise
Question93: The primary purpose of a business plan is to:
Answer: B) Provide a roadmap for the business
Question94: A “liability” in financial terms is:
Answer: B) A debt or obligation
Question95: Which term describes the specific individuals or businesses a company wants to reach?
Answer: A) Target audience
Question96: A “serial entrepreneur” is known for:
Answer: A) Launching and managing multiple businesses in succession
Question97: A “stakeholder” in a business includes:
Answer: B) Employees, customers, suppliers, and investors
Question98: Which document records a company’s assets, liabilities, and equity?
Answer: C) Balance sheet
Question99: Which type of business model involves renting out assets rather than selling them?
Answer: B) Leasing model
Question100: An entrepreneur who develops a new and unique business concept is called a:
Answer: D) Innovative entrepreneur