QUIZ IN EPP WITH ENTREPRENEURSHIP

What best describes the term "entrepreneur"?

• A person who works for a company

• Someone who sells goods on the street

• An individual who starts, organizes, and manages a business venture

• A person who applies for loans

Which of the following is not a key element of entrepreneurship?

• Innovation

• Risk-taking

• Following orders

• Opportunity recognition

Which of the following statements is true about entrepreneurs?

• They avoid risk as much as possible

• They prefer stability over change

• They are always born with business talent

• They seek to solve problems and create value

An entrepreneur who introduces a new product to the market is demonstrating what function?

• Financial management

• Innovation

• Distribution

• Supervision

One major importance of entrepreneurship in the economy is:

• Reducing government expenditure

• Replacing formal education

• Creating employment opportunities

• Eliminating taxes

Which of the following is not one of the determinants of entrepreneurship?

• Personal motivation

• Economic environment

• Astrological sign

• Government support

What is the main goal of an entrepreneur?

• To get promoted

• To earn profit by solving a problem

• To maintain the status quo

• To depend on others' ideas

What type of entrepreneur is described as a person who invents or discovers something completely new?

• Imitative

• Innovative

• Fabless

• Risk-averse

Entrepreneurs who replicate a business model but add minor improvements are called:

• Innovative

• Imitative

• Corporate

• Passive

A successful entrepreneur is least likely to be:

• Flexible

• Goal-oriented

• Easily discouraged

• Self-confident