Chapter 1: Entrepreneurial Perspective

Chapter 1: Entrepreneurial Perspective

7th Grade

10 Qs

quiz-placeholder

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Chapter 1: Entrepreneurial Perspective

Chapter 1: Entrepreneurial Perspective

Assessment

Quiz

Business

7th Grade

Practice Problem

Easy

Created by

Ned Datuin

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who is referred to as highly enterprising and can see and evaluate business opportunities gather necessary resources?

Entrepreneur
Employee
Investor
Manager

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do you call the introduction of a new method, procedure, and improved substitution?

Innovation
Substitution
Duplication
Extrapolation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the rewards of an entrepreneur?

Help others    

 Earn profit    

Top his/her creativity

All the above

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the main motive of business?

To make a profit
To create jobs
To innovate
To entertain

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is not a form of innovation?

Process

Product

Cheaper substitution

Vintage Product

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

TRUE or FALSE: Innovation refers to the actual introduction of an old product or process.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

TRUE or FALSE: Prestart-up stage happens when the entrepreneur starts to question the feasibility of an idea, product, or service.

TRUE

FALSE

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