
Entrepreneurship Quiz 1
Authored by GERALD REBURCIO
Education
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which era of Entrepreneurship is characterized by information as a commodity which is easily available through computer technology?
Stone Age
Agricultural Revolution
Industrial Revolution
Information Age
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the earliest stage of entrepreneurship that began when early humans developed hunting tools?
Agricultural Revolution
Stone Age
Industrial Revolution
Information Age
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What do we call people who worked the land and stayed as the subsistence level during the agricultural revolution?
Rulers
Peasants
Vassal
Feudal Lords
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What theory of entrepreneurship contradicted the classical model based on the proposition that the value of goods does not depend solely on the cost of production but also on the demand side of a closed economy?
Classical theories of entrepreneurship
Neoclassical Theory of entrepreneurs
Economic theories of Entrepreneurship
Austrian Market process theory of entrepreneurship
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who emphasized that demand and supply determine the price and output of a good?
Joseph Alois Schumpeter
Richard Cantillon
Frank knight
Alfred Marshall
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The following is characterized by entrepreneurship during the stone age EXCEPT:_______
Use of fire for protection against predators or cold
Invention of hunting and fishing tools
Use of wood materials as tools
Domestication of wild animals
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which among the following happened during the agricultural age?
Use of wood materials as tools
Worsening global income inequality
Mechanization of farms and factory
Monoculture
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