FREE Entrepreneurship Skills Questions and Answers

Question 1

Project planning involves research.

Accepted Answer

feasibility

Answer

liquidity

Answer

profitability

Answer

viability

Question 2

Which of the following best sums up the environment for entrepreneurship?

Accepted Answer

Entrepreneurship takes place in a wide variety of contexts.

Answer

Entrepreneurship does not take place in social enterprises.

Answer

Entrepreneurship takes place in small businesses.

Answer

Entrepreneurship takes place in large businesses.

Question 3

The evaluation of project ideas is the process of assessing project ideas with the goal of choosing the best and most promising idea after removing the unprofitable ideas.

Accepted Answer

Screening

Answer

appraisal

Answer

identification

Answer

none

Question 4

The incubation stage addresses

Accepted Answer

Prototype Development

Answer

Sample development

Answer

Idea development

Answer

None of the above

Question 5

The businessperson who sticks with the previously adopted production method is:

Accepted Answer

classical entrepreneur

Answer

Fabian entrepreneur

Answer

Drone entrepreneur

Answer

none of these

Question 6

A person who is an entrepreneur is one who:

Accepted Answer

All of the given options

Answer

Actor

Answer

Risk taker

Answer

Initiator

Question 7

Which of the following groups of people are recognized for influencing an entrepreneur's career decision and personal style?

Accepted Answer

Role model

Answer

Moral-support network

Answer

Support system

Answer

Professional support network

Question 8

Which of the following individuals founded Facebook?

Accepted Answer

Mark Zuckerberg

Answer

Shiva Ayyadurai

Answer

Evan Williams

Answer

Steve Jobs

Question 9

Technology that is appropriate for regional, economic, social, and cultural circumstances is referred to as __ technology.

Accepted Answer

appropriate

Answer

advanced

Answer

Indigenous

Question 10

Which of the following is true regarding the distinctions between the entrepreneurial and administrative focuses?

Accepted Answer

Entrepreneurs rent or sporadically use resources; managers like to own resources

Answer

Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach

Answer

Entrepreneurs focus on slow steady growth and managers’ focus on rapid growth

Answer

Entrepreneurs are driven by controlled resources; managers by opportunity