Summary
Summary of Entrepreneurship skills
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It is a summary in easy-to-understand manner. Perfect for last minute revision.
[Show more]Some examples from this set of practice questions
1.
What are the roles and benefits of entrepreneurship ?
Answer: Economic development social development improved standard of living
2.
Qualities needed to be an entrepreneur-?
Answer: 1]Patience 2]Positivity 3]Hardworking 4]Confidence 5]Open to trial and error 6]Creativity and innovation
3.
Define entrepreneur
Answer: a person who is self employes and is willing to take a calculated risk and bring in new idea to start buisness
4.
What is profit
Answer: excess earning after deducting all expenses
5.
What is risk
Answer: it is when result is not known
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