1. Entrepreneurship mainly encourages?
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Unit 7: Entrepreneurship
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Question 1 of 30
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2. The costs that change directly with the amount of a product being made are known as:
3. Who benefits from a business plan?
4. What is cost of production?
5. How is the Total Cost of Production calculated?
6. In the context of production costs, how is the Total Cost calculated?
7. Which section explains business goals?
8. Which of these is a variable cost?
9. Costs that change directly with the level of production, such as raw materials, are known as:
10. Which section of a business plan provides a brief, high-level overview of the entire document?
11. Why is calculating cost of production important?
12. Which cost is paid monthly?
13. Which skill helps an entrepreneur to succeed?
14. Which factor affects cost of production most?
15. Which plan shows how products will be sold?
16. Raw material is an example of?
17. Entrepreneurship helps economy by?
18. What comes first in a business plan?
19. An individual who creates a new business, bearing most of the risks and enjoying most of the rewards, is known as a(n):
20. Which skill is needed to devise a business plan?
21. Which of the following is a key characteristic often associated with successful entrepreneurs?
22. What does the term 'own boss' mean?
23. Which section of a business plan provides a short, compelling overview of the entire plan?
24. Which cost changes with production level?
25. For a software development company, the cost of electricity that increases with more computers running is an example of a:
26. Which of the following is a fixed cost?
27. Which of the following is an example of a fixed cost for a software development company?
28. What is a significant advantage of being your own boss?
29. An entrepreneur mainly takes which type of risk?
30. A person who sets up a business, taking on financial risks in the hope of profit, is called a/an: