Summative Test (Entrepreneurship)

Which is a characteristic of an entrepreneur?

• indecisive

• motivational

• opinionated

• reactive

What is entrepreneurship?

• coming up with ideas to start a business.

• working with others to make create a business.

• the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

• a person who operates a business or businesses, taking on greater than normal financial risks in order to do so.

It is a characteristic of an entrepreneur that creates or controls a situation by causing something to happen rather than responding to it after it has happened.

• proactive

• decisive

• innovative

• risk taker

Which of the statements below is true?

• Entrepreneurs are prone to constant high income

• Entrepreneurs have limited opportunities

• Entrepreneurs are the reasons for the unemployment of the society

• entrepreneurs are contributors to the development of society

The entrepreneurs who lives on the labor of others is called______.

• Fabian

• Drone

• Imitating

• Innovative

The entrepreneurs who are to follow the path shown by the innovative entrepreneurs.

• Fabian

• Drone

• Imitating

• Innovative

The entrepreneurs who create new ideas are called__________.

• Fabian

• Drone

• Imitating

• Innovative

An entrepreneur is someone who works for themselves.

• True

• False

A target market is

• A group pf consumers at which a product/serve is aimed

• A group of investors willing to put capital into a business

• an industry willing to sell and market your product

• a generational group of individuals

Business entity that is easy to start and has single owner.

• proprietorship

• partnership

• corporation