SCHOOL · Entrepreneurship And Innovation
2026 Objective Attempt
Answer all questions carefully and submit when you are done.
Question 1
Which of these is the first step in starting a business?
A.
Hiring staff
B.
Identifying an opportunity
C.
Printing receipts
D.
Opening a bank account
Question 2
A business plan is mainly used to…
A.
Describe how a venture will make money
B.
Register a company name
C.
Pay taxes
D.
Recruit students
Question 3
Which is an example of a social enterprise?
A.
A betting shop
B.
A clinic reinvesting profit into free care
C.
A car dealership
D.
A bank
Question 4
"Bootstrapping" means funding a start-up with…
A.
A bank loan
B.
Government grants
C.
Personal savings and early revenue
D.
Venture capital
Question 5
SWOT stands for Strengths, Weaknesses, Opportunities and…
A.
Targets
B.
Threats
C.
Trends
D.
Timelines
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