Which of the following is an economic benefit of enterprise?

Enterprise and Innovation Quiz

Quiz
•
Specialty
•
11th Grade
•
Easy
Donna Humphries
Used 1+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Established businesses are replaced
Decreased living costs
Increased community spirit
Increased consumer spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does innovative mean?
New and original
Tried and tested
Traditional and trusted
Unoriginal and used
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
List three examples of innovative technology that we use every day:
Electricity, Smart phones, Computers
Electricity, Televisions, Radios
Smart phones, Typewriters, Calculators
Computers, Fax machines, Landline phones
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify two qualities of an entrepreneur:
Hardworking, organised
Lazy, disorganized
Unmotivated, risk-averse
Unreliable, uncreative
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Outline two benefits to the economy of new businesses opening:
It stimulates new employment, which then results in the acceleration of economic development.
It decreases competition and reduces innovation.
It leads to higher taxes and reduced consumer spending.
It causes market saturation and business closures.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify two benefits to society resulting from enterprise and entrepreneurship:
Increased unemployment and economic stagnation
Enhanced community development and job creation
Reduced innovation and economic decline
Decreased consumer choice and market competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some benefits associated with entrepreneurship?
Decreased customer choice for services and products
Economic growth takes place
Fewer employment opportunities are available
Reduced business performance and choice
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