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Entrepreneurship for Grade 12 students

Quiz by Mary Joy Azuela

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22 questions
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  • Q1
    Which of the following is not a characteristic of successful entrepreneurs?
    Lack of adaptability
    Taking calculated risks
    Creativity and innovation
    Persistence and determination
    30s
  • Q2
    What does SWOT analysis stand for in the context of entrepreneurship?
    Sales, wage, operations, taxes
    Stocks, widgets, options, trades
    Strengths, weaknesses, opportunities, threats
    Social media, website, online sales, traffic
    30s
  • Q3
    What is the opposite of entrepreneurship?
    Franchising
    Salaried employment
    Venture capital
    Investment banking
    30s
  • Q4
    What is the primary purpose of a business plan in entrepreneurship?
    To hire and train employees
    To summarize the operational procedures of the business
    To outline the strategy and goals of the business
    To provide a detailed financial analysis for investors
    30s
  • Q5
    What is bootstrapping in the context of entrepreneurship?
    Licensing a product or service to generate revenue
    Starting and running a business with little or no external funding
    Outsourcing business operations to other countries
    Creating a joint venture with a larger company
    30s
  • Q6
    What is a pitch deck in entrepreneurship?
    A marketing plan that details the promotion of a product or service
    A legal document that outlines the structure of a business
    A financial statement that shows a company's revenue and expenses
    A brief presentation that provides an overview of a business idea or plan
    30s
  • Q7
    What is an elevator pitch in the context of entrepreneurship?
    A marketing campaign that targets social media influencers
    A sales pitch made to potential investors
    A concise and compelling summary of a business idea that can be delivered in the time span of an elevator ride
    A presentation made to a large audience at a business conference
    30s
  • Q8
    What is a startup accelerator in the context of entrepreneurship?
    A financial institution that provides loans to startups
    A company that specializes in mergers and acquisitions
    A government agency that oversees small businesses
    An organization that helps early-stage startups develop their business ideas and get funding
    30s
  • Q9
    What is customer acquisition cost in the context of entrepreneurship?
    The profit a business makes from a customer over their lifetime
    The amount of money a customer spends on a business's products or services
    The amount of money a business spends on sales and marketing activities to acquire a new customer
    The number of customers a business has over a specific time period
    30s
  • Q10
    What is a business model canvas in entrepreneurship?
    A document that outlines a company's organizational structure
    A marketing strategy that emphasizes the promotion of a product or service
    A visual tool used to develop and analyze a business model
    A legal agreement that defines the terms of a business partnership
    30s
  • Q11
    What is the main purpose of entrepreneurship?
    To work for someone else's business
    To retire early
    To become a famous celebrity
    To create and grow a business
    30s
  • Q12
    What is the importance of a business plan in entrepreneurship?
    It guarantees success for the business
    It outlines the strategy for the business and helps secure funding
    It helps keep the business a secret
    It is not necessary for a successful business
    30s
  • Q13
    What is a key characteristic of successful entrepreneurs?
    Laziness
    Perseverance
    Perfectionism
    Overspending
    30s
  • Q14
    What is the meaning of MVP in entrepreneurship?
    Marketing Victor Program
    Most Valuable Player
    Most Valuable Product
    Minimum Viable Product
    30s
  • Q15
    What is the importance of networking in entrepreneurship?
    To increase expenses
    To create connections and opportunities for the business
    To waste time
    To decrease creativity
    30s

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