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Current Affairs January 2024

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Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?

A. Social entrepreneurship

B. Corporate entrepreneurship

C. Serial entrepreneurship

D. Lifestyle entrepreneurship

Correct Answer :

A. Social entrepreneurship


Related Questions

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What is the term for the total market value of all goods and services produced by a country in a given period?

A. Gross Domestic Product (GDP)

B. Net Profit Margin

C. Return on Investment (ROI)

D. Cost of Goods Sold (COGS)

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What is the term for the process of bringing together people, capital, and resources to start and run a business?

A. Incubation

B. Formation

C. Entrepreneurship

D. Aggregation

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What type of entrepreneur is characterized by starting multiple businesses over their career?

A. Serial entrepreneur

B. Social entrepreneur

C. Lifestyle entrepreneur

D. Corporate entrepreneur

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Which type of market research involves gathering information directly from people through surveys or interviews?

A. Primary research

B. Secondary research

C. Qualitative research

D. Quantitative research

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What is the term for the initial phase of a business where the entrepreneur tests the feasibility of their business idea?

A. Startup phase

B. Pilot phase

C. Feasibility phase

D. Proof of concept phase

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What is the term for the process of identifying potential customers and tailoring marketing efforts to reach them?

A. Market segmentation

B. Target marketing

C. Customer profiling

D. Product positioning

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What type of innovation involves creating entirely new products or processes that disrupt existing markets?

A. Incremental

B. Disruptive

C. Breakthrough

D. Radical

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What is the process of generating, developing, and communicating new ideas for business development called?

A. Market research

B. Product development

C. Innovation

D. Business planning

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Which of the following is NOT a common source of funding for startups?

A. Venture capital

B. Crowdfunding

C. Taxation

D. Angel investors

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4

Which type of entrepreneurship is focused on creating social or environmental impact rather than purely financial profit?

A. Social entrepreneurship

B. Corporate entrepreneurship

C. Serial entrepreneurship

D. Lifestyle entrepreneurship

What is the correct answer?

4

Which of the following is NOT a stage in the product development process?

A. Conceptualization and ideation

B. Market research

C. Manufacturing

D. Post-launch evaluation

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4

What is the primary characteristic of an entrepreneur?

A. Risk aversion

B. Innovation and risk-taking

C. Following established norms

D. Avoiding challenges

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Which type of entrepreneurship involves creating and operating a business primarily for the lifestyle benefits it provides to the owner?

A. Serial entrepreneurship

B. Social entrepreneurship

C. Lifestyle entrepreneurship

D. Corporate entrepreneurship

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Which of the following is an example of a non-profit organization that engages in entrepreneurial activities to achieve social or environmental goals?

A. Red Cross

B. Microsoft

C. Coca-Cola

D. Apple Inc.

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4

What is the term for a legal document that outlines the rights and responsibilities of partners in a business venture?

A. Business plan

B. Partnership agreement

C. Memorandum of understanding (MOU)

D. Articles of incorporation

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4

What is the term for a legal form of business in which there is one owner who has unlimited personal liability?

A. Corporation

B. Partnership

C. Sole proprietorship

D. Limited liability company (LLC)

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What is the term for the process of introducing a new product or service to the market?

A. Market entry

B. Product launch

C. Market expansion

D. Market penetration

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What term is used to describe the process of identifying, assessing, and developing a business idea into a viable business?

A. Business development

B. Idea refinement

C. Business planning

D. Opportunity recognition

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Which legal form of business provides the most personal liability protection for its owners?

A. Sole proprietorship

B. Partnership

C. Limited liability company (LLC)

D. Corporation

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What is the term for the process of determining the price at which a product or service will be sold to customers?

A. Cost analysis

B. Pricing strategy

C. Market segmentation

D. Revenue forecasting

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Which of the following is NOT a common method of market entry for international expansion?

A. Franchising

B. Licensing

C. Insourcing

D. Joint venture

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4

What is the term for a legal protection granted to authors, artists, and inventors for their creations?

A. Patent

B. Copyright

C. Trademark

D. Trade secret

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4

What is a business model?

A. A visual representation of a company's structure

B. The way a company creates, delivers, and captures value

C. A list of all the employees in a company

D. The physical location of a business

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What is the term for the process of bringing a product or service to market faster than competitors?

A. First-mover advantage

B. Rapid prototyping

C. Agile development

D. Market segmentation

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Which stage of the entrepreneurial process involves turning an idea into a tangible product or service?

A. Opportunity recognition

B. Idea generation

C. Product development

D. Market entry

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What is the term for a person who provides financial backing for a startup in exchange for ownership equity or debt?

A. Mentor

B. Investor

C. Co-founder

D. Partner

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What is a SWOT analysis used for in entrepreneurship?

A. Evaluating internal and external factors influencing a business

B. Identifying potential customers

C. Calculating financial projections

D. Assessing employee performance

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What is the term for a person who starts and manages a business with the aim of making a profit?

A. Investor

B. Entrepreneur

C. Innovator

D. Executive

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What is the term for a group of individuals who work together to develop and launch a business venture?

A. Syndicate

B. Cooperative

C. Consortium

D. Team

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What does MVP stand for in the context of startups?

A. Most Valuable Player

B. Minimum Viable Product

C. Most Valuable Product

D. Minimum Valuable Player