What is entrepreneurship?
- AWorking for a company
- BThe process of creating an enterprise
- CInvesting in stocks
- DA type of software
What is an entrepreneur?
- AA person who works for a boss
- BA person who starts or owns a business, taking financial risks for profit
- CA person who only invests money
- DA person who manages government projects
Which of the following is a characteristic of a successful entrepreneur?
- AAvoiding all risks
- BDesire for responsibility
- CWaiting for instructions
- DDepending on others
What is design thinking?
- AA type of software
- BA human-centered approach to problem-solving
- CA financial strategy
- DA marketing technique
Which is the first phase of design thinking?
- ADefine
- BIdeate
- CEmpathize
- DPrototype
What is a business plan?
- AA verbal agreement
- BA written summary of a proposed business venture
- CA type of loan
- DA government document
What is the formula for setting the selling price?
- ACost of Production - Overheads - Profit
- BCost of Production + Overheads + Profit
- CCost of Production × Overheads × Profit
- DCost of Production ÷ Overheads ÷ Profit
Which of the following is a source of primary data?
- AGovernment records
- BResearch papers
- CSurveys and interviews
- DBooks
What is a market?
- AA building where goods are sold
- BThe number of potential customers for a product or service
- CA type of advertisement
- DA financial institution
What are SMART goals?
- ASimple, Manageable, Achievable, Realistic, Timely
- BSpecific, Measurable, Achievable, Realistic, Time-Bound
- CStrong, Meaningful, Actionable, Relevant, Tested
- DStrategic, Motivated, Ambitious, Results, Team
