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MCQs — Entrepreneurship

Practice questions for Computer Science.

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Question 1

Entrepreneurship is the process of:

A. Working only for a fixed salary

B. Starting, organising and managing a new business while taking risks

C. Buying only household goods

D. Studying only computer hardware

Question 2

A person who starts a business and takes its financial risks is called an:

A. Employee

B. Customer

C. Auditor

D. Entrepreneur

Question 3

Which of the following is a key skill of a successful entrepreneur?

A. Communication and leadership

B. Ignoring customer feedback

C. Avoiding every risk

D. Refusing to plan

Question 4

Design thinking is:

A. A method of typing faster

B. A type of computer virus

C. A problem-solving approach that focuses on the needs of users

D. A way of printing documents

Question 5

Which is the first stage of design thinking?

A. Empathize

B. Prototype

C. Test

D. Define

Question 6

A written document describing a business's goals, products, market and finances is called a:

A. Bank statement

B. Shop receipt

C. Class timetable

D. Business plan

Question 7

Which of the following is software that helps prepare a business plan?

A. Media Player

B. Paint

C. Business Plan Pro

D. Calculator

Question 8

LivePlan is an online tool used to:

A. Edit photographs

B. Create business plans and financial forecasts

C. Play music

D. Scan for viruses

Question 9

How is an entrepreneur different from an employee?

A. An entrepreneur never makes decisions

B. An employee owns the business

C. They are exactly the same

D. An entrepreneur starts a business and bears its risks, while an employee works for a salary

Question 10

Why is creativity important for an entrepreneur?

A. It removes the need for a business plan

B. It helps develop new ideas and solutions for customers' needs

C. It guarantees profit

D. It replaces all other skills

Question 11

Why is empathizing with users important in design thinking?

A. It reduces the cost of paper

B. It removes the need for testing

C. It helps understand their real needs before creating a solution

D. It makes the product smaller

Question 12

Why should a new business idea be checked against the market?

A. To find out whether customers need and will buy the product

B. To avoid needing any skills

C. To keep the idea secret

D. To increase the cost

Question 13

Why should an entrepreneur match a business idea with his or her own skills?

A. Skills are not needed in business

B. A business is more likely to succeed if the owner can do the work well

C. It makes the product free

D. It removes all competition

Question 14

Which factors should an entrepreneur consider when setting a price?

A. Only the colour of the product

B. Only the owner's birthday

C. Only the size of the shop sign

D. Cost of production, competitors' prices and what customers will pay

Question 15

Hina is good at baking and notices that people in her area want fresh cakes. Which business idea suits her best?

A. Starting a home bakery

B. Opening a car repair workshop

C. Starting a mobile phone factory

D. Opening a shoe factory

Question 16

Before opening a juice shop, Bilal asks people nearby which drinks they like. Which step is he doing?

A. Product testing

B. Price cutting

C. Market research

D. Loan repayment

Question 17

Students want to design a better school bag and interview classmates about their problems with bags. Which stage of design thinking is this?

A. Prototype

B. Empathize

C. Test

D. Define

Question 18

The same students build a first sample bag to show their classmates. Which stage of design thinking is this?

A. Prototype

B. Empathize

C. Define

D. Ideate

Question 19

An entrepreneur sets the price of a product below the cost of making it. What is the most likely result?

A. The business will make a large profit

B. The costs will disappear

C. Customers will never buy

D. The business will make a loss

Question 20

A student wants to write a business plan on her computer and get help with financial forecasts. Which tool should she use?

A. Paint

B. Antivirus

C. LivePlan

D. Sound recorder

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