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CCA Entrepreneurship Review

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  • Which of the following about entrepreneurship is TRUE?
    Entrepreneurs succeed without creativity
    Only large corporations can practice entrepreneurship
    Entrepreneurs identify problems, design solutions, and build businesses around them
    Entrepreneurship is only about making money
  • Which is NOT a role of an entrepreneur?
    Securing funding
    Hiring and managing employees
    Creating solutions to problems
    Working only as a consumer
  • Why do entrepreneurs often need funding?
    To develop products and grow the business
    To reduce competition
    To skip planning and management
    To avoid making decisions
  • Entrepreneurs contribute to society by:
    Focusing only on personal hobbies
    Avoiding responsibility and leadership
    Creating jobs and solutions that improve lives
    Keeping ideas to themselves
  • Entrepreneurship at its core is about:
    Solving problems creatively and selling solutions to others
    Owning the largest company in an industry
    Avoiding risks and challenges
    Buying and selling products only
  • When entrepreneurs pitch their idea to investors, they are trying to:
    Secure funding to launch or grow their business
    Sell the company immediately
    Avoid writing a business plan
    Convince others to give them free products
  • Why is hiring and managing employees important for entrepreneurs?
    Employees solve every problem without direction
    It reduces the need for leadership skills
    It guarantees profits without effort
    A strong team helps bring the entrepreneur’s vision to life
  • One way entrepreneurs create value is by:
    Avoiding creativity
    Turning problems into products or services
    Ignoring customer needs
    Copying existing businesses without change
  • Managing employees effectively helps entrepreneurs:
    Reduce customer satisfaction
    Avoid making decisions
    Eliminate the need for communication
    Build a strong and motivated team
  • Entrepreneurs often take risks because:
    Success is always guaranteed
    New ideas may fail but also create big opportunities
    They want to work under strict supervision
    They prefer avoiding challenges
  • An entrepreneur shows creativity when they:
    Avoid customer feedback
    Wait for others to take action
    Repeat the same ideas without change
    Find a new solution to an old problem
  • The first step for most entrepreneurs is:
    Identifying a problem or unmet need
    Securing outside funding
    Writing advertisements
    Hiring employees
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