Entrepreneurship Practice Questions

Topics Covered:
Entrepreneurship is the process of planning and launching a new business venture

30 Questions

Practice Questions

1. Who is known as the "Father of Modern Entrepreneurship"?
2. Which of the following is NOT a characteristic of an entrepreneur?
3. The process of creating something new with value is called:
4. Which type of entrepreneur focuses on social change rather than profit?
5. What is the primary objective of entrepreneurship?
6. The ability to take calculated risks is a characteristic of which type of entrepreneur?
7. Which of the following is NOT a phase of the entrepreneurial process?
8. What is the full form of MVP in entrepreneurship?
9. Which of the following is an internal factor that influences entrepreneurship?
10. Which theory suggests that entrepreneurship is driven by an individual’s need for achievement?
11. What does SWOT analysis stand for?
12. A business plan is primarily created to:
13. What is Bootstrapping in entrepreneurship?
14. Which of the following is NOT a source of business finance?
15. A startup refers to:
16. What is the primary role of an incubator in entrepreneurship?
17. Which financial statement shows the profits or losses of a business?
18. The break-even point in a business means:
19. The term “Angel Investor” refers to:
20. Which business structure provides limited liability to its owners?
21. What is franchising in business?
22. What is the first step in starting a business?
23. Which government body supports entrepreneurship in India?
24. What does a venture capitalist primarily invest in?
25. Which of these is NOT an exit strategy for an entrepreneur?
26. The concept of "Creative Destruction" in entrepreneurship was introduced by:
27. The risk-taking function of an entrepreneur is known as:
28. Which of these is NOT an essential entrepreneurial skill?
29. What is the meaning of a Unicorn Startup?
30. Which of the following is an advantage of entrepreneurship?