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Entrepreneurship Quiz

The document contains questions and answers about entrepreneurship concepts. It addresses topics like industry attractiveness, risks of new business ventures, the importance of milestones and financial projections, and how entrepreneurs rely on factors like investment, efficient teams, and conducting feasibility analyses.

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younus kamal
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100% found this document useful (1 vote)
880 views7 pages

Entrepreneurship Quiz

The document contains questions and answers about entrepreneurship concepts. It addresses topics like industry attractiveness, risks of new business ventures, the importance of milestones and financial projections, and how entrepreneurs rely on factors like investment, efficient teams, and conducting feasibility analyses.

Uploaded by

younus kamal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

 Measurement of overall potential of different industies is referred to as ______________.

Industry attractiveness
 Question 2
1 out of 1 points
There is always a risk associated with a new business venture

true

 Question 3
1 out of 1 points
In an entreprenurship journey which factor has an important role

All of the above

 Question 4
1 out of 1 points
One can become an entrepreneur at any age with require skills

True

 Question 5
1 out of 1 points
__________ are used to track the progress of any business.

Milestone

 Question 6
1 out of 1 points
"In _____________, issues pertaining to total start-up cash, financial performance of similar
businesses and the overall financial attractiveness of the proposed is discussed."

Finantial flexibility

 Question 7
0 out of 1 points
Entrepreneurship plays an important role in

Economic prosperity

 Question 8
1 out of 1 points
Entrepreneurs are always dependent upon

All of the above


 Question 9
0 out of 1 points
_____________ is a written narrative that describes the intentions of a new business and how it
plans to accomplish its goals.

Business plan

 Question 10
1 out of 1 points
"Among the following, which statement defines the characteristic of an attractive industry:"

All of the above

 Question 11
1 out of 1 points
An entrepreneur works for

None of the above

 Question 12
0 out of 1 points
Information gather to learn about competitors is referred to as ______________.

Competitive analysis

Measurement of overall potential of different industies is referred to as ______.

Industry profits

cluster attractiveness

industry attractiveness

target market attractiveness

Entrepreneurs are

Risk takers

Innovative

Team player

All of the above

"Among the following, which statement defines the characteristic of an attractive industry:"
Industry should be young rather than old

Industry should be growing rather than shrinking

Industry should be fragmented rather than concentrated

all of the above

There is always a risk associated with a new business venture

True

False

Many entrepreneurs suffer from _____ which refers to their ability to falter due to lack of track record
with outside buyers and suppliers.

liability of newness

unfair treatment

lack of trust

none of the above

"For many investors, ______ section of a business plan is critical and is usually given higher importance
than other sections."

Management team and company structurec

target market

industry

financial projections

Intrapreneur refer to

Individual owner

Employee

Visionary leader

None of the above

Entrepreneurship management is dependent upon


Passion

Team work

Financial capacity

All of the above

Entrepreneurs are always dependent upon

Big business idea

Investment

Efficient team

All of the above

The following factors leads to venture failure

Poor market research

Poor financials

Bad management

Bad idea

All of the above

___ are used to track the progress of any business.

targets

milestones

strategic long term goals

none of the above

An assessment of the overall appeal of the business offering when launching a new business venture
would fall under _____.

product/service feasibility analysis

organizational feasibility analysis

Entrepreneurship feasibility analysis


Financial feasibility analysis

"The two primary audiences for a firm's business plan include, _____, investors and and external
stakeholders."

Creditors

Debtors

Employees

Suppliers

Industry's long term health is determined by the degree to which ______ trends are moving in favor of
the industry.

environmental and business

external environment and business********

internal environment and business********

none of the above

Information gather to learn about competitors is referred to as ______.

competitive intelligence

competitive analysis (Hussain)

competitive advantage

competitve information

_ refers to projections for expected performance in future periods.

pro forma financial statements

historical financial statements

current financial statements

none of the above ******

An entrepreneur works for

Organziation
Social company

Govt agency

None of the above

For many investors, ______ section of a business plan is critical and is usually given higher importance
than other sections."

Management team and company structurec

target market

industry

financial projections

Entrepreneurship plays an important role in

Social well being

Economic prosperity ******

Personal growth

All of the above

__ is a written narrative that describes the intentions of a new business and how it plans to accomplish
its goals.

Business Report

Business Plan

Lean Canvas Model

none of the above

Entrepreneurs are always dependent upon

Big business idea

Investment

Efficient team

All of the above

In _____, issues pertaining to total start-up cash, financial performance of similar businesses and the
overall financial attractiveness of the proposed is discussed."

product/service feasibility analysis ******


financial feasibility analysis

oragnizational feasibility analysis

industry feasibility analysis

The goal of effective ______ is to raise money and use it in yielding highest rate of returns.

cash management *****

financial management

financial statements

none of the above

_ helps in ascertaining the viability of any buisness idea.

Industry analysis

feasibility analysis

SWOT analysis

Financial Projections

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