cameroon gce advanced level 2025 entrepreneurship 1
cameroon gce advanced level 2025 entrepreneurship 1
- A context whereby individuals pursue opportunities without regard to the resources they currently control is known as:
A. Intrapreneurship
B. Entrepreneurship
C. Business opportunities
D. Business plan
- Intrapreneurship is best described as:
A. The hiring of former entrepreneurs
B. Entrepreneurial action within an organisation
C. The process of buying and acquiring entrepreneurial firms
D. The process of consulting to teach the firm how to be more creative.
- At what stage in the entrepreneurial journey does the entrepreneur pitch his/her business idea?
A. When developing the business plan
B. When mobilising resources
C. When conducting the feasibility studies
D. When evaluating the business opportunity
- In a business plan, the purpose of the executive summary is to
A. Provide a detailed financial analysis of the business
B. Outline marketing strategies in the business
C. Analyse competition in the business
D. Highlight key points of the business
- At what stage does seeding occur in the idea generation process?
A. Germination
B. Preparation
C. Incubation
D. Illumination
- In the entrepreneurship process the resilience of an entrepreneur helps him/her to
A. Avoid failure
B. Achieve success quickly
C. Learn from failure
D. Achieve innovation
- A part of the business plan that shows the projected income of the business is called
A. Market Analysis
B. Financial Plan
C. Marketing Plan
D. Operational Plan
- The action of an entrepreneur which most likely depicts Schumpeter’s idea of “Creative Destruction” is
A. Product Innovation
B. Take-over of a competitor
C. Issuing shares
D. Reducing prices
- Someone who has a lot of prior experience when starting up, inheriting or purchasing a business is a
A. Seasoned entrepreneur
B. Novice entrepreneur
C. Habitual entrepreneur
D. Portfolio entrepreneur
- The name ‘BODY CARE SALOON’ for a beauty complex corresponds to
A. Generic trademark
B. Arbitrary trademark
C. Descriptive trademark
D. Suggestive trademark
- Current assets of a business less current liabilities is referred to as:
A. Capital Employed
B. Working Capital
C. Capital
D. Net worth
- In the context of entrepreneurship, “harvesting” means
A. Selling or exiting a business to realize its value
B. The process of gathering and storing business data for analysis
C. Managing the day to day operations of a growing business
D. Developing new products and services for a business
- A key indicator of entrepreneurship is
A. Destruction of old houses and build modern ones for business
B. Financial profitability of businesses
C. Recognition and award of business
D. Creation of new jobs and innovation
