Business Studies Entrepreneurship

French economist named ... coined the term "Entrepreneurship" in the early 18th century.

• Richard Cantillon

• Roman Polanski

• Andre the Giant

• Al Pacino

Select the person from this list who is NOT a well-known successful South African entrepreneur.

• Tokyo Sexwale

• Madam C. J. Walker

• Mark Shuttleworth

• Richard Maponya

• Cyril Ramaposa

True or False? An entrepreneur is somebody who combines the factors of production into a product or service that can be sold.

• True

• False

Which of the following is NOT a factor of production?

• Land

• Natural Resources

• Labour

• Trade Unions

Select the options which are competencies and qualities that an entrepreneur should possess.

• Risk taker

• Credibility

• Information gatherer

• Risk aversion

• Planner

An entrepreneur gets rewarded for a job well done with a salary and sometimes a bonus.

• True

• False

From the list below, select all the activities performed by an entrepreneur.

• Idea generation

• Market research

• Recruitment

• Project implementation

• Procurement

A techno-preneur is someone who uses innovative business ideas to solve community problems.

• True

• False

Which of the following is a pull factor to entrepreneurship?

• Independence

• Unemployment

• Disagreement with current employer

• No formal training (can't find a job)

What does EAP stand for?

• Economically Active Population

• Economically Affluent Population

• Endangered but Active Population

• Enormously Affluent Population