Entrepreneurship Diagnostic Test

What is an entrepreneur?

• Someone who invest time and money to start a business

• Someone who make a lot of money

• Someone who takes a risk to make a profit

• Both A and C

Which of the following word is not associated with Entrepreneurship?

• Creative

• Innovative

• Collaborative

• Impulsive

Which is not a form of Capital

• Money invested in a firm

• Manpower used in the production

• Machineries used in the production

• Copyrights, Trademarks and Brand name

The following are included in a business plan except

• Financial Aspect

• Marketing Aspect

• Production Aspect

• Management Aspect

Quality Control is defined as :

• Testing a sample of the output in maintain quality

• Tells you how much the customers like a product.

• Tells you what the customer will buy

• How many & what types of people are shopping at a store.

A market survey is important because it tells you:

• How many & what types of people are buying a product

• Tells you what the customer will buy

• It analyze consumer needs and preferences

• Tells you how much the customer will pay

Making a purchase you had not planned is called:

• Consumer shopping

• A warranty

• Impulse buying

• Comparison shopping

Product planning tells you.

• Where you will produce your product

• How much to sell the product

• How much is the cost to produce your product

• Creating and Introducing a Product in the market

Cost per serving means:

• How much it will cost to produce one recipe

• How much it will cost to make “One.”

• How much it will cost to produce what you sell in one day.

• How much it will cost to make one batch.

Why Entrepreneurship is relevant to Senior High School learners

• It generates new wealth in an economy

• To prepare learners for livelihood

• It creates opportunities

• It brings social justice of the following is relevance of