Entrepreneurship UNIT 1 (The Nature of Entrepreneurship)

Entrepreneurship UNIT 1 (The Nature of Entrepreneurship)

10th Grade

51 Qs

quiz-placeholder

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Entrepreneurship UNIT 1 (The Nature of Entrepreneurship)

Entrepreneurship UNIT 1 (The Nature of Entrepreneurship)

Assessment

Quiz

Business

10th Grade

Medium

Created by

JulieAnn Bever

Used 90+ times

FREE Resource

51 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

An entrepreneur is someone who identifies _______________, starts and grows a business, and assumes the ______________ and rewards of the venture.

an economy and inflation

a mortgage and economy

an opportunity and risk

an adaption and policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Entrepreneurism is a fluid and dynamic process, one where you need to:

anticipate and adapt

refuse to react

predict and overlook

prepare and ignore

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Entrepreneurs try to create value, while managing ___________ resources in a changing, uncertain business environment.

plentiful

disruptive

scarce

innovative

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When a business innovation dramatically changes the normal order of things, it is said to be:

fluid

disruptive

adaptive

lifestyle

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Being an entrepreneur is not only a career choice, but also a lifestyle that may offer some level of:

stable income

certainty

broker fees

independence and flexibility

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Entrepreneurship starts with and revolves around ________________.

out-sourcing

the supply chain

an opportunity

compliance

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What three things need to be analyzed during the Discovery stage of the entrepreneurial process to determine if an idea can become an opportunity?

mail, materials, market

materials, market, marketing

market, margin, mission

margin, MBA, digital marketing

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