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