TEC Exam Set 1 Entrepreneurship

1. 1. Which of these is an example of entrepreneurship?

Starting up a business based on an old ides, existing business module, and less risk.

Teaching in an IIT/MBBS coaching institute.

Starting up a business based on a new app/software, with high risk.

None of the above

2. An Entrepreneur is a person who takes less risk, avoid experimentation.

True

False

3. An entrepreneur is one who is involved in a FEW of these activities – managing, organizing, innovating, assuming risks, etc.

True

False

4. Entrepreneurship is an opportunity to create walth

True

False

5. 92% of the startups are successful within the first 3 years of starting?

True

False

6. All People who start up a business based on a new idea are always successful.

True

False

7. An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.

True

False

8. A successful entrepreneur can become rich very fast.

True

False

Question 1 of 8