TEC Assessment 1 Answers
Entrepreneurship Assessment
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TEC Exam Questions and Answers: Entrepreneurship Assessment
1. 92 % of the startups are successful within the first 3 years of starting?- TRUE
FALSE
2. Starting up a new venture with a new idea is called entrepreneurship.
-
TRUE
FALSE
3. All people who start up a business based on a new idea are always successful.
-
TRUE
FALSE
Read More: - TEC Assessment 2 Answers : TEC Question Answer - Entrepreneurship and Entrepreneurial Character
4. A successful entrepreneur can become rich very fast.
-
TRUE
FALSE
5. Entrepreneurship is an opportunity to create wealth
- TRUE
FALSE
6. An entrepreneur is a person who takes less risk, avoids experimentation.
-
TRUE
FALSE
7. Which of these is an example of entrepreneurship?
-
Starting up a business based on an old idea, existing business module, and less risk.
Teaching in an IIT/MBBS coaching institute.
Starting up a business based on a new app/software, with high risk.
None of the above
-
ANSWER= (A) Starting up a business based on an old idea, existing business module, and less risk.
8.An entrepreneur does the following activities – managing, organizing and makes all the decisions by himself.
-
TRUE
FALSE
9. An entrepreneur is one who is involved in a FEW of these activities – managing, organizing, innovating, assuming risks, etc.
-
TRUE
FALSE
10. Which of these is an example of entrepreneurship? .
Managing and completing tasks given by the boss in a company.
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