Entrepreneurship - JSS1 Business studies Past Questions and Answers - page 2
11
What opportunities do self-employed individuals have?
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A
They have limited opportunities for growth.
B
They can only work part-time.
C
They have autonomy over their work.
12
What is the significance of successful entrepreneurs in society?
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A
They only focus on personal wealth accumulation
B
They create jobs, stimulate investment, and reduce inequalities.
C
They have no impact on societal development
13
What resources do business incubators and accelerators provide?
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A
Financial investments only
B
Mentorship, networking, and resources
C
No resources
14
What qualities do successful entrepreneurs possess?
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A
Innovation, resilience, and adaptability.
B
Aversion to risk-taking
C
Reliance on others for decision-making
15
How do successful entrepreneurs contribute to economic development?
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A
They only focus on personal profit
B
They rely on government support
C
They create jobs, stimulate investment, and generate wealth
16
Why is self-employment beneficial for individuals?
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A
It leads to increased dependency on others
B
It restricts personal freedom
C
It offers autonomy and control over one's work
17
What are some characteristics of successful entrepreneurs?
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18
How do business incubators and accelerators support self-employed individuals?
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19
What impact do successful entrepreneurs have on local economies?
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20
Why is self-employment considered beneficial for individuals?
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