1.1 Enterprise - Entrepreneurship

• Business
• Secondary Education

1.1 Enterprise - Entrepreneurship & Intrapreneurship

What are the benefits of intrapreneurism for organizations?

1. Decreased employee satisfaction and high turnover
2. Limited growth opportunities and increased bureaucracy
3. Decreased profitability and customer satisfaction
4. Increased innovation and employee motivation

Which of the following is a challenge faced by entrepreneurs?

1. Access to finance
2. Strong competition
3. Low customer demand
4. Lack of creativity

What is the definition of entrepreneurism?

1. The activity of working for someone else's business.
2. The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
3. The activity of investing in stocks and bonds.
4. The activity of volunteering for nonprofit organizations.

Which of the following is a characteristic of intrapreneurism?

1. Focuses solely on profit-making activities.
2. Promotes innovation within an existing organization.
3. Involves starting a new business from scratch.
4. Relies on external funding for business operations.

What are the challenges faced by entrepreneurs?

1. Financial risks, uncertainty, and resource constraints.
2. Availability of unlimited resources.
3. Excessive government regulations.
4. Lack of motivation and ambition.

Which of the following best describes intrapreneurship?

1. Entrepreneurial activities carried out within an established organization.
2. Entrepreneurial activities restricted to technology-based industries.
3. Entrepreneurial activities carried out by independent individuals.
4. Entrepreneurial activities focused on international markets.

What is the primary motivation for entrepreneurs?

1. Desire for autonomy and the pursuit of their own vision.
2. Desire for social recognition and fame.
3. Desire for unlimited financial resources.
4. Desire for job security and stability.

Which of the following is a challenge of entrepreneurism?

1. Access to funding
2. Opportunities for growth
3. Uncertainty and risk
4. Collaboration with other businesses

What is the difference between entrepreneurism and intrapreneurism?

1. Entrepreneurism is driven by profit, while intrapreneurism is driven by social impact
2. Entrepreneurism focuses on product development, while intrapreneurism focuses on marketing
3. Entrepreneurism only applies to small businesses, while intrapreneurism is for large corporations
4. Entrepreneurism focuses on starting new ventures, while intrapreneurism involves innovation within existing organizations

Which of the following is an example of intrapreneurism?

1. An entrepreneur starting a new business
2. A company acquiring a competitor
3. A business expanding its operations to a new market
4. An employee proposing a new project to improve efficiency within their company

Well done!