ENTREPRENEURSHIP:

ENTREPRENEURSHIP:

12th Grade

10 Qs

quiz-placeholder

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ENTREPRENEURSHIP:

ENTREPRENEURSHIP:

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Rena Ramcharan

Used 8+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following, explains the term 'Entrepreneur'?

The person who undertakes the risk in setting up a business, to make a profit.

The activities involved in setting up and operating a business to make a profit.

The people who combine resources to set up and operate a business to make a profit.

The person who brainstorms business ideas.

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Entrepreneurship is the process of bringing together all the other factors of production necessary for a business.

False

True

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An entrepreneur may reduce his risk of loss by

Securing bank loans

Sponsoring community projects

Planning ahead

Purchasing additional fixed assets

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following can be considered as characteristics of an entrepreneur?

I being determined

II to be able to delegate responsibilities

III dedicated

I and II only

I and III only

III and II only

I, II and III

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

One of the functions of the entrepreneur is to determine the resources necessary for the business as well as to acquire the finances.

False

True

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

One of the MAIN functions of an entrepreneur is to

prepare the accounting records
advertise the company's product
·organize the factors of production
organize the marketing of the company's product

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of an entrepreneur?

Joe rents an office space.
Roger goes to the bank to get a loan
Sally occasionally babysits her neighbour's child.
Donna operates an online bakery from her home

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