Entrepreneurship Basics
What is the most common motivation for becoming an entrepreneur?
A) Desire for job security
B) Desire for independence and control
C) Desire for a simple work routine
D) Desire to avoid competition
B) Desire for independence and control
Which part of a business plan focuses on customers, competitors, and promoting products?
A) Operating plan
B) Marketing plan
C) Financial plan
D) Product plan
B) Marketing plan
Which statement correctly distinguishes angel investors from venture capitalists?
A) Angels invest government funds; venture capitalists donate money.
B) Both invest only in non-profit projects.
C) Venture capitalists avoid taking ownership.
D) Angels use personal funds early; venture capitalists invest firm money later.
D) Angels use personal funds early; venture capitalists invest firm money later.
What is the main goal of managing technology and innovation (MTI)?
A) To reduce costs by ignoring new technologies
B) To improve competitiveness and adaptability
C) To eliminate research activities
D) To outsource innovation fully
B) To improve competitiveness and adaptability
Which pair correctly matches the skill and its definition?
A) Followership – avoiding responsibility
B) Leadership – guiding and motivating others
C) Forecasting – ignoring trends
D) Creativity – repeating existing solutions
B) Leadership – guiding and motivating others
Which statement best defines an entrepreneur?
A) An investor who buys company shares
B) A person who organizes and manages a new business
C) A consultant advising on business operations
D) A manager employed in an existing company
B) A person who organizes and manages a new business
Which section of a business plan provides a short summary of the entire plan?
A) Management plan
B) Vision statement
C) Executive summary
D) Marketing plan
C) Executive summary
What is the main purpose of the Business Road Map 2025 program in Kazakhstan?
A) Provide tax holidays
B) Subsidize interest on business loans
C) Offer free property to firms
D) Finance only export companies
B) Subsidize interest on business loans
Which historical period introduced computers and the Internet?
A) First Industrial Revolution
B) Second Industrial Revolution
C) Information or Digital Revolution
D) Agricultural Revolution
C) Information or Digital Revolution
Which type of knowledge is written and easy to share?
A) Tacit
B) Explicit
C) Implicit
D) Practical
B) Explicit
Which type of entrepreneur works inside an existing organization?
Intrapreneur
What percentage of registered businesses in Kazakhstan are individual entrepreneurships?
A) 22%
B) 55%
C) 77%
D) 91%
C) 77%
Which program focuses mainly on training entrepreneurs in rural areas?
A) Atameken Business School
B) Bastau Business
C) Damu Fund
D) Business Road Map 2025
B) Bastau Business
Which is an external source of technological innovation?
A) Employee brainstorming
B) In-house R&D
C) Licensing or joint ventures
D) Internal audit
C) Licensing or joint ventures
Which description best fits tacit knowledge?
A) Gained through personal experience
B) Stored in manuals and databases
C) Expressed as company rules
D) Collected through surveys
A) Gained through personal experience
List three personality traits that typically describe successful entrepreneurs.
Ambitious, creative, visionary, committed, passionate, self-confident, risk-taking, independent.
List two financial and two managerial reasons that often cause small business failure.
Low capital, high expenses; poor experience, weak planning.
Explain two key differences between debt and equity financing.
Debt = borrowed money repaid with interest; Equity = ownership shares sold with no repayment obligation.
Describes the "lean startup" approach
Lean startup is a methodology for developing new products and companies based on the “create-measure-learn” cycle.
According to the lecture, what are the two skills the organization must develop to be successful?
- ability to manage learning and knowledge processes
- ability to analyze and forecast future trends.
Name at least 3 types of entrepreneurs which were mentioned on the lecture
micropreneurs- start small and plan to stay small
growth-oriented entrepreneurs- want their business to grow into a major corporation
Multipreneurs- start a series of companies
Intrapreneurs- employees who demonstrate entrepreneurial activity within an existing company
Define a small business in Kazakhstan by its two key criteria.
Up to 100 employees and annual income ≤ 300,000 MRP.
Name two Kazakh institutions or programs supporting entrepreneurs and describe one type of support each offers.
Atameken – training and guidance; Damu Fund – loans and guarantees; Bastau – free courses; Business Road Map – subsidies.
List the four stages of the R&D process.
Ideation → Research → Design & Development → Commercialization.
Give two reasons business forecasts can be unreliable.
Uncertain data, unpredictable environment, or unexpected market behavior.