
Entrepreneurship for Grade 12 students
Quiz by Mary Joy Azuela
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22 questions
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- Q1Which of the following is not a characteristic of successful entrepreneurs?Lack of adaptabilityTaking calculated risksCreativity and innovationPersistence and determination30s
- Q2What does SWOT analysis stand for in the context of entrepreneurship?Sales, wage, operations, taxesStocks, widgets, options, tradesStrengths, weaknesses, opportunities, threatsSocial media, website, online sales, traffic30s
- Q3What is the opposite of entrepreneurship?FranchisingSalaried employmentVenture capitalInvestment banking30s
- Q4What is the primary purpose of a business plan in entrepreneurship?To hire and train employeesTo summarize the operational procedures of the businessTo outline the strategy and goals of the businessTo provide a detailed financial analysis for investors30s
- Q5What is bootstrapping in the context of entrepreneurship?Licensing a product or service to generate revenueStarting and running a business with little or no external fundingOutsourcing business operations to other countriesCreating a joint venture with a larger company30s
- Q6What is a pitch deck in entrepreneurship?A marketing plan that details the promotion of a product or serviceA legal document that outlines the structure of a businessA financial statement that shows a company's revenue and expensesA brief presentation that provides an overview of a business idea or plan30s
- Q7What is an elevator pitch in the context of entrepreneurship?A marketing campaign that targets social media influencersA sales pitch made to potential investorsA concise and compelling summary of a business idea that can be delivered in the time span of an elevator rideA presentation made to a large audience at a business conference30s
- Q8What is a startup accelerator in the context of entrepreneurship?A financial institution that provides loans to startupsA company that specializes in mergers and acquisitionsA government agency that oversees small businessesAn organization that helps early-stage startups develop their business ideas and get funding30s
- Q9What is customer acquisition cost in the context of entrepreneurship?The profit a business makes from a customer over their lifetimeThe amount of money a customer spends on a business's products or servicesThe amount of money a business spends on sales and marketing activities to acquire a new customerThe number of customers a business has over a specific time period30s
- Q10What is a business model canvas in entrepreneurship?A document that outlines a company's organizational structureA marketing strategy that emphasizes the promotion of a product or serviceA visual tool used to develop and analyze a business modelA legal agreement that defines the terms of a business partnership30s
- Q11What is the main purpose of entrepreneurship?To work for someone else's businessTo retire earlyTo become a famous celebrityTo create and grow a business30s
- Q12What is the importance of a business plan in entrepreneurship?It guarantees success for the businessIt outlines the strategy for the business and helps secure fundingIt helps keep the business a secretIt is not necessary for a successful business30s
- Q13What is a key characteristic of successful entrepreneurs?LazinessPerseverancePerfectionismOverspending30s
- Q14What is the meaning of MVP in entrepreneurship?Marketing Victor ProgramMost Valuable PlayerMost Valuable ProductMinimum Viable Product30s
- Q15What is the importance of networking in entrepreneurship?To increase expensesTo create connections and opportunities for the businessTo waste timeTo decrease creativity30s