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Entrepreneurial Quiz#1

Authored by Maria Caoagdan

Professional Development

1st Grade

10 Questions

Used 9+ times

Entrepreneurial Quiz#1
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The entrepreneur will enjoy the _____ as a reward if he succeeds.

profit

business

revenue

capital

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The introduction of  a new method is  referred to as ______.

development

entrepreneurship

new market

innovation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are factors of production except for

land

capital

labor

innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is an actual introduction of a new product or process

invention

development

innovation

entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a new venture stage where the entrepreneur starts to question the feasibility of an idea, product or service

prestart-up stage

start-up stage

early growth stage

late growth stage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is a scheme aimed at improving the living standards of the nation's citizenry.

Economic Development

Economy

Entrepreneurship

Innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs' characteristic is being _______ when he is able to understand and be understood when doing transactions with customers, suppliers and other stakeholders.

Technical knowledge

Ability to communicate

Reasonable Risk-taker

Critical Thinking Ability

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