#1
Who is considered the father of modern entrepreneurship?
Thomas Edison
Steve Jobs
Peter Drucker
Richard Branson
#2
Which of the following is not a characteristic of successful entrepreneurs?
Risk-taking
Persistence
Avoiding failure
Innovation
#3
Which of the following is a key characteristic of successful entrepreneurs?
Avoiding risk
Resisting change
Embracing uncertainty
Sticking to conventional methods
#4
What is a common factor among successful entrepreneurial ventures?
Lack of vision
Poor financial management
Strong leadership
Lack of innovation
#5
Which of the following is an example of a disruptive innovation?
Incremental improvement to an existing product
Introduction of a new feature in a smartphone
Development of a faster computer processor
Introduction of ridesharing services like Uber
#6
What is a primary characteristic of the lean startup approach to entrepreneurship?
Large initial investment
Extensive market research
Iterative product development
Slow decision-making process
#7
What is a key aspect of disruptive innovation in business?
Incremental changes
Maintaining the status quo
Creating new markets
Following traditional practices
#8
Which company is known for its 'Fail Fast, Fail Often' approach to innovation?
#9
Which of the following is an example of a social entrepreneur?
Mark Zuckerberg
Elon Musk
Muhammad Yunus
Warren Buffett
#10
What is the term for the process of converting an idea or invention into a viable business?
Market research
Innovation diffusion
Entrepreneurship
Commercialization
#11
Which of the following is an example of a barrier to entry in entrepreneurship?
Low capital requirement
High market competition
Access to skilled labor
Government regulations
#12
What is the term for the legal protection of inventions or processes?
Trademark
Copyright
Patent
Trade secret
#13
What does the term 'blue ocean strategy' refer to in entrepreneurship?
Intensely competitive markets
Uncontested market space
Market saturation
Market segmentation
#14
Which entrepreneur famously said, 'The biggest risk is not taking any risk'?
Elon Musk
Richard Branson
Jeff Bezos
Mark Zuckerberg
#15
Who introduced the concept of 'creative destruction' in economics?
Adam Smith
Joseph Schumpeter
John Maynard Keynes
Milton Friedman
#16
Who coined the term 'viral marketing'?
Seth Godin
Malcolm Gladwell
Ryan Holiday
Steve Jurvetson
#17
Who is known for the concept of 'effectuation' in entrepreneurship?
Joseph Schumpeter
Howard Stevenson
Saras Sarasvathy
Clayton Christensen