Entrepreneurial Quiz#1

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

• profit

• business

• revenue

• capital

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

• development

• entrepreneurship

• new market

• innovation

The following are factors of production except for

• land

• capital

• labor

• innovation

______ is an actual introduction of a new product or process

• invention

• development

• innovation

• entrepreneurship

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

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

• Economic Development

• Economy

• Entrepreneurship

• Innovation

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

Entrepreneur's ability to bounce back when failing.

• Critical thinking

• Risk-taker

• Resilience

• Technical knowledge

The following are entrepreneurial tasks toward economic development except for___

• employment

• taxes

• products and services for cusomers

• planting trees

______ performs the functions of harnessing the potentials of any or all of the economic activities.

• Businessman

• Teacher

• Entrepreneur

• Stakeholders