
Entrepreneurial Economics Quiz
Authored by Dr.D Hema
Arts
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the primary role of an entrepreneur in an economy?
To regulate markets
To innovate and create new products
To collect taxes
To provide government subsidies
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is a characteristic of an entrepreneur?
Risk-averse
Highly dependent on external support
Risk-taker
Prefers stable conditions
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In entrepreneurial economics, the term "creative destruction" is associated with which economist?
Milton Friedman
Joseph Schumpeter
Adam Smith
David Ricardo
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is NOT considered a benefit of entrepreneurship to the economy?
Job creation
Innovation
Economic stagnation
Increased competition
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which economic system encourages entrepreneurship the most?
Command economy
Mixed economy
Market economy
Traditional economy
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is considered a short-term source of finance for a business?
Bank loan
Trade credit
Equity shares
Debentures
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the primary advantage of equity financing for an entrepreneur?
Interest payments are tax-deductible
No need to repay the investment
Lower control over business
Higher financial risk
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