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Business

Are You Ready to Be an Entrepreneur?

1 / 10

1. Which term refers to the process of turning an idea into a profitable business?

A. Management

B. Procrastination

C. Outsourcing

D. Entrepreneurship

2 / 10

2. What type of financing involves exchanging equity for funding?

A. Personal savings

B. Venture capital

C. Bank loan

D. Grants

3 / 10

3. Which concept suggests starting small and scaling up gradually?

A. Big bang theory

B. Instant success

C. All-or-nothing

D. Lean startup

4 / 10

4. What does MVP stand for in entrepreneurship?

A. Marketing Value Proposition

B. Most Valuable Player

C. Minimum Viable Product

D. Maximum Variable Potential

5 / 10

5. What does ROI stand for in business?

A. Revenue from Operations

B. Risk of Inflation

C. Retention of Interest

D. Return on Investment

6 / 10

6. Which of the following is a key trait for entrepreneurial success?

A. Fear of failure

B. Fixed schedule

C. Conformity

D. Resilience

7 / 10

7. What is a primary reason entrepreneurs create business plans?

A. To outline goals and strategies

B. To reduce innovation

C. To limit growth

D. To increase taxes

8 / 10

8. Which skill is crucial for effective networking as an entrepreneur?

A. Communication

B. Avoiding social events

C. Following trends

D. Being secretive

9 / 10

9. What is a common characteristic of successful entrepreneurs?

A. Avoiding challenges

B. Risk-taking

C. Fixed mindset

D. Working alone

10 / 10

10. What does the term "pivot" mean in entrepreneurship?

A. Ignoring customer feedback

B. Avoiding competition

C. Adjusting business strategy

D. Embracing failure

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Quiz Leaderboard

User Name	End	Duration	Score
Chhavi mani tripathi	17:33:51 Aug 15, 2024	1 minutes	40%
Pranshul Shrivastava	02:36:56 Jun 22, 2024	59 seconds	40%

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