FREE Entrepreneurship Skills Questions and Answers
Project planning involves research.
Feasibility research in project planning assesses whether a proposed project is viable and can be successfully executed. It involves evaluating factors such as technical, economic, operational, and scheduling feasibility to determine if the project is likely to achieve its objectives and if it is worth pursuing.
The incubation stage addresses
In the incubation stage of a project or startup, the focus is on further developing and refining the initial idea, often including the creation and testing of prototypes or proof-of-concept models to validate the feasibility and functionality of the concept before proceeding to the next stages.
A person who is an entrepreneur is one who:
An entrepreneur is someone who often possesses a combination of qualities and characteristics, including being an actor (actively involved in business activities), a risk-taker (willing to take calculated risks), and an initiator (taking the initiative to start and lead new ventures or projects). Entrepreneurship encompasses a range of skills and traits that contribute to success in business endeavors.
The businessperson who sticks with the previously adopted production method is:
A classical entrepreneur typically follows traditional and established business practices and production methods, often avoiding significant changes or innovations in their approach. They tend to maintain the status quo and may be resistant to adopting new or disruptive technologies or methods.
Which of the following groups of people are recognized for influencing an entrepreneur's career decision and personal style?
Role models are individuals who serve as examples or sources of inspiration for entrepreneurs. They can influence an entrepreneur's career choices, decision-making, and personal style by providing guidance and demonstrating successful approaches in the entrepreneurial journey.
Which of the following is true regarding the distinctions between the entrepreneurial and administrative focuses?
Entrepreneurs often start with limited resources and seek to maximize their impact through careful control and efficient utilization of those resources. In contrast, managers are more focused on seizing opportunities and may have access to more established and diverse resources within an organization.
Technology that is appropriate for regional, economic, social, and cultural circumstances is referred to as __ technology.
Appropriate technology refers to the use of technology and innovation that is well-suited to the specific needs and conditions of a particular region or community. It takes into account the local context and aims to address challenges and opportunities in a way that is culturally and environmentally sensitive.
Which of the following best sums up the environment for entrepreneurship?
Entrepreneurship is not limited to a specific type of business or size; it can occur in various contexts, including small businesses, large corporations, social enterprises, and diverse industries. Entrepreneurs innovate and create value in a wide range of settings.
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.
The evaluation of project ideas, where the goal is to assess and select the most promising ideas while eliminating unviable ones, is often referred to as "project screening." It involves a preliminary assessment to determine which ideas should be further developed and which should be discarded.
Which of the following individuals founded Facebook?
Mark Zuckerberg is the co-founder of Facebook, one of the world's largest and most popular social media platforms. He played a pivotal role in its creation and development, starting the company in 2004 while he was a student at Harvard University.
Social attitude is one of the important problems of a __ Entrepreneur
Women entrepreneurs may face challenges related to social attitudes and biases that can impact their ability to start and grow businesses. These challenges include gender-based stereotypes and discrimination, which can affect various aspects of entrepreneurship, including access to funding and market opportunities.