Entrepreneurship

Create an image of a young entrepreneur brainstorming ideas in a modern office setting, with business charts and a laptop visible, conveying a sense of innovation and excitement.

Entrepreneurship Insight Quiz

Test your knowledge on entrepreneurship with our engaging quiz! This quiz covers essential concepts, regulations, and characteristics every aspiring entrepreneur should know.

10 multiple-choice and checkbox questions
Learn key business concepts
Improve your entrepreneurial skills

10 Questions2 MinutesCreated by CreativeMind27

Which of the following is associated with the "idea" for a business?

Resources identification

Market probe

Conceptualisation

Feasibility study

Pamela conducts her own survey to determine how best to make her own business a success. This is an example of what source of data?

Tertiary

Primary

Secondary

Ministry

Organising an overdraft facility in five months is an example of what type of planning?

Strategic planning

Operational planning

Tactical planning

Property or money that is pledged by an entrepreneur to obtain a loan is known as

Insurance

Assurance

Collateral

Venture capital

An entrepreneur must be able to respond to changes in the market. This is reflective of what ability?

Flexibility

Creativity

Persistence

Self actualisation

Which of the following are reasons for creating your own business?

To have less control

To increase one's income

To increase one's stress

To be the boss

Which of the following are functions of an entrepreneur?

Assuming all risks

Scoping out the competition

Hiring and firing of employees

This document assesses the financial viability of a business idea.

Strategic plan

Operational plan

Feasibility study

Conceptual framework

This element of the Business plan is first in the plan but prepared last.

Executive Summary

Operational plan

Business Overview

Financial plan

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