Entrepreneurship Quiz

What is a characteristic of an entrepreneur?

• Avoiding risks

• Being a risk taker

• Preferring routine

• Disliking change

What is a need according to the document?

• Better entertainment

• Minimum amount of food

• Longer holidays

• Better housing

What is a want as described in the document?

• Food and water

• Shelter and clothing

• Better education

• Self-esteem and love

What is the definition of an entrepreneur?

• Someone who avoids risks

• Someone who starts and runs a business

• Someone who works for a company

• Someone who invests in stocks

How do entrepreneurs contribute to the economy?

• By reducing innovation

• By creating new jobs

• By avoiding risks

• By limiting exports

What is an example of a business opportunity?

• A stable market

• A changing market

• A declining market

• A saturated market

What is a characteristic of a successful entrepreneur?

• Preferring routine

• Being proactive

• Avoiding change

• Disliking innovation

Which sector is responsible for producing raw materials like iron ore and oil?

• Primary

• Secondary

• Tertiary

• Quaternary

What is a key issue for the secondary sector in the UK?

• Lack of raw materials

• Ensuring they can turn raw materials into finished components

• Overproduction of goods

• Excessive government support

What has led to a growth in demand for services in the tertiary sector?

• Decrease in population

• Greater affluence

• Increase in manufacturing jobs

• Decline in technology