HELE Grade 4

1. 1. Entrepreneurship is used interchangeably with business.

• TRUE

• FALSE

1. 2. Both entrepreneurship and business are concerned with producing goods and services.

• TRUE

• FALSE

1. 3. Goods or service are produced for the sole purpose of getting profit from people.

• TRUE

• FALSE

1. 4. Entrepreneurship is a service because it is concerned with resources.

• TRUE

• FALSE

1. 5. Entrepreneurship provides livelihood to families in communities.

• TRUE

• FALSE

1. 6. Entrepreneurship is an art because it makes use of technology.

• TRUE

• FALSE

1. Entrepreneurship starts with an idea which later is transformed into a good or service.

• TRUE

• FALSE

1. A successful entrepreneur is one who starts in big business and industries.

• TRUE

• FALSE

1. Developing the interest to earn starts when one goes to school.

• TRUE

• FALSE

1. Big and small entrepreneurs contribute to economic progress.

• TRUE

• FALSE