Entrepreneurship Quiz

What is the first major economic theory during the 16th to 18th centuries?

• Feudalism

• Socialism

• Capitalism

• Mercantilism

Who wrote 'An Inquiry into the Nature and Causes of the Wealth of Nations'?

• John Maynard Keynes

• Adam Smith

• Joseph Schumpeter

• Karl Marx

What does the term 'entrepreneur' derive from?

• Italian

• French

• Spanish

• Latin

Which type of entrepreneur follows the path shown by innovative entrepreneurs?

• Innovative entrepreneurs

• Drone entrepreneurs

• Fabian entrepreneurs

• Imitating entrepreneurs

What is a characteristic of social entrepreneurs?

• Avoid risks

• Imitate existing businesses

• Drive social innovation

• Focus solely on profit

What is one importance of entrepreneurs in a free market?

• Create monopolies

• Reduce efficiency

• Limit competition

• Respond to changing preferences

What is a potential benefit of becoming an entrepreneur?

• Guaranteed income

• Less responsibility

• Fixed working hours

• Control over your work

What distinguishes an opportunity from an idea?

• Opportunities require no resources

• Ideas are more valuable

• Opportunities are attractive and durable

• Opportunities are always profitable

What does the term 'Fabian entrepreneur' imply?

• A person seeking victory by delay

• A risk-taker

• An innovative thinker

• A decisive leader

What is the definition of 'tactics' in a business context?

• Market analysis

• Long-term goals

• Overall plan

• Plans or procedures