
Entrep: Overview
Quiz
•
Education
•
Professional Development
•
Practice Problem
•
Easy
Christian Kyle
Used 3+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs are the key to economic and industrial development.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs are the reason for a large quantity of highly developed industries which result to greater employment opportunities for unemployed youth, increase in per capita income (measure of the amount of money that is earned by person), higher standard of living and increased individual saving, revenue to the government in the form of income tax, value added tax, export duties, import duties, and balanced regional developments.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not part on the 'Relevance of Entrepreneurship to an Organization'?
Development of managerial capabilities
Creation of organizations
Improving standard of living
Means of economic development
Earnings of profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This refers to those who undertake the risk of new enterprise.
Entrepreneurs
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The word “entrepreneur” was derived from the Latin verb enterprendre, which means to undertake.
True
False
Answer explanation
The word “entrepreneur” was derived from the French verb enterprendre, which means to undertake.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It employs what Schumpeter called the “gale of creative destruction” replace wholly or partly inferior innovations across markets and industries. This destruction simultaneously creates new product and new business models.
Entrepreneurs
Entrepreneurship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems.
Entrepreneurs
Entrepreneurship
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