What is the term for a legal protection granted to authors, artists, and inventors for their creations?
Patent
Copyright
Trademark
Trade secret
Correct Answer :
B. Copyright
Related Questions
Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?
Social entrepreneurship
Corporate entrepreneurship
Serial entrepreneurship
Lifestyle entrepreneurship
What is the primary characteristic of an entrepreneur?
Risk aversion
Innovation and risk-taking
Following established norms
Avoiding challenges
What is a cash flow statement used for in business finance?
Tracking money spent on marketing
Analyzing the movement of money in and out of a business
Calculating the net worth of a business
Estimating future sales revenue
What is the term for the process of seeking and obtaining financial backing for a business venture?
Funding procurement
Capital acquisition
Financing
Fundraising
What term is used to describe the process of identifying, assessing, and developing a business idea into a viable business?
Business development
Idea refinement
Business planning
Opportunity recognition
What type of innovation involves making incremental improvements to existing products or processes?
Disruptive
Radical
Incremental
Breakthrough
What is the term for a legal protection granted to authors, artists, and inventors for their creations?
Patent
Copyright
Trademark
Trade secret
Which of the following is NOT a stage in the product development process?
Conceptualization and ideation
Market research
Manufacturing
Post-launch evaluation
What is the term for the process of determining the worth of a business or an asset?
Valuation
Appraisal
Pricing
Estimation
What is the term for a legal form of business where the owner has limited liability?
Sole proprietorship
Partnership
Corporation
Limited liability partnership
Which of the following is an example of a non-profit organization that engages in entrepreneurial activities to achieve social or environmental goals?
Red Cross
Microsoft
Coca-Cola
Apple Inc.
Which of the following is NOT a common source of funding for startups?
Venture capital
Crowdfunding
Taxation
Angel investors
What type of innovation involves creating entirely new products or processes that disrupt existing markets?
Incremental
Disruptive
Breakthrough
Radical
Which of the following is an example of a microenterprise?
A multinational corporation
A small family-owned bakery
A government agency
A non-profit organization
What is the term for a legal document that outlines the rights and responsibilities of partners in a business venture?
Business plan
Partnership agreement
Memorandum of understanding (MOU)
Articles of incorporation
What is the term for a person who starts and manages a business with the aim of making a profit?
Investor
Entrepreneur
Innovator
Executive
What is the term for a group of individuals who work together to develop and launch a business venture?
Syndicate
Cooperative
Consortium
Team
What does MVP stand for in the context of startups?
Most Valuable Player
Minimum Viable Product
Most Valuable Product
Minimum Valuable Player
Which stage of the entrepreneurial process involves turning an idea into a tangible product or service?
Opportunity recognition
Idea generation
Product development
Market entry
Which of the following is a common form of intellectual property protection for inventions and innovations?
Trademark
Copyright
Patent
Trade secret
What is the term for the process of bringing a product or service to market faster than competitors?
First-mover advantage
Rapid prototyping
Agile development
Market segmentation
Which of the following is NOT a key characteristic of a successful entrepreneur?
Perseverance
Creativity
Risk aversion
Adaptability
What is the term for a legally recognized entity that separates the personal assets of the owners from the business assets?
Sole proprietorship
Partnership
Limited liability company (LLC)
Corporation
What is the term for the process of introducing a new product or service to the market?
Market entry
Product launch
Market expansion
Market penetration
What is the term for the process of identifying potential customers and tailoring marketing efforts to reach them?
Market segmentation
Target marketing
Customer profiling
Product positioning
What is the term for a document that outlines a company's mission, vision, goals, and strategies?
Business plan
Marketing plan
Financial statement
Operational manual
Which of the following is NOT a common characteristic of an entrepreneurial mindset?
Risk aversion
Creativity
Resilience
Adaptability
What is the term for a person who provides financial backing for a startup in exchange for ownership equity or debt?
Mentor
Investor
Co-founder
Partner
Which type of market research involves gathering information directly from people through surveys or interviews?
Primary research
Secondary research
Qualitative research
Quantitative research
Which type of innovation involves making significant improvements to existing products or processes?
Disruptive
Incremental
Breakthrough
Radical