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27.1.2. Importance
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4 cards from this lesson. Good the night before a test.
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- 1.
What is entrepreneurship?
Hint
Think about identifying a market gap.
- 2.
List two benefits of entrepreneurship.
Hint
Think about economic effects.
- 3.
What is the primary importance of entrepreneurship?
- Drives economic growth
- Increases taxes
- Lowers employment
Hint
Consider how new businesses affect the economy.
- 4.
True or False: Innovation is solely the result of large corporations.
- True
- False
Hint
Think about tech startups.
- 5.
Propose a startup idea that addresses a specific community need. Explain the potential economic impact it could have.
Hint
Think about unmet needs in your local community.
- 6.
Discuss the balance between risk and reward in entrepreneurship. How do entrepreneurs make decisions based on this balance?
Hint
Evaluate cases of successful startups versus those that failed.
Exercises
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
4 more questions available
Enrol freeQuiz
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
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Enrol freeChallenge Problems
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting