Enterprise and Innovation Quiz

Enterprise and Innovation Quiz

11th Grade

11 Qs

quiz-placeholder

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Enterprise and Innovation Quiz

Enterprise and Innovation Quiz

Assessment

Quiz

Specialty

11th Grade

Easy

Created by

Donna Humphries

Used 1+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an economic benefit of enterprise?

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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