Entrepreneurship review

Question 1

A good entrepreneur makes use of...

Accepted Answer

social media & other innovative technology

Question 2

Entrepreneurship is about...

Accepted Answer

the creation and development of new business, identifying a need or opportunity for a new good/service, Finding a new way of offering an existing product/service, Generating new ideas and risk-taking

Question 3

Some disadvantages of becoming an entrepreneur include

Accepted Answer

All correct

Question 4

Poor leadership skills & financial skills, poor decision-making & marketing skills can lead to

Accepted Answer

business failure

Question 5

Having high levels of motivation allows the entrepreneur to...

Accepted Answer

lead people effectively & inspire them to perform well

Question 6

Initiative, determination, passion, motivation, risk-taking, resilience, vision are all...

Accepted Answer

enterprising qualities/attributes

Question 7

A calculated risk is making an informed decision by taking into consideration possible risks

Accepted Answer

True

Question 8

An entrepreneur is...

Accepted Answer

one who organises, operates and takes a risk in a business

Question 9

Being determined allows the entrepreneur to...

Accepted Answer

take on new challenges and work hard towards goals/aims

Question 10

Some advantages of becoming an entrepreneur are...

Accepted Answer

All are correct

Question 11

A proactive entrepreneur undertakes...

Accepted Answer

market research & R&D to develop a marketable product

Question 12

being a risk-taker allows entrepreneurs to...

Accepted Answer

take action knowing that success is not guaranteed

Question 13

A good entrepreneur can recognise...

Accepted Answer

changes in tastes and fashion to adapt product for customer

Question 14

Having a good business vision allows the entrepreneur to...

Accepted Answer

adapt to change, and plan ahead better than most

Question 15

An astute entrepreneur can...

Accepted Answer

identify & respond to gaps in the market that can be filled

Entrepreneurship review

Questions 15

Entrepreneurship review

Questions 15