Entrepreneurship Quiz

Which of the following best describes the role of an entrepreneur in improving economic efficiency?

• Managing day-to-day operations without risk

• Shifting resources from low to high productivity uses

• Investing only in well-established industries

• Following government-prescribed business models

Which of the following best reflects the primary distinction between an entrepreneur and entrepreneurship?

• Innovation vs. Risk

• Person vs. Process

• Vision vs. Action

• Creator vs. Intrapreneur

According to Carl Menger, an entrepreneur is primarily seen as:

• A capitalist

• A social reformer

• An economic agent transforming resources

• A policy maker

Which form of business is owned and operated by a single individual?

• Joint Stock Company

• Cooperative Society

• Sole Proprietorship

• Partnership

The concept of 'Execution Intelligence' in entrepreneurial traits refers to:

• Creativity and invention

• Leading large teams

• Turning ideas into viable businesses

• Marketing and promotion

Which of the following is NOT one of the stated responsibilities of an entrepreneur to society?

• Observe environmental standards

• Promote job creation

• Avoid paying taxes

• Sell quality goods at fair prices

According to Alfred Marshall, entrepreneurship evolves:

• As a disruptive force

• Through revolutionary shifts

• In a linear business model

• Incrementally from sole proprietorship to public company

What is a key feature of a cooperative society?

• Shareholders must be professionals

• Formed by at least five people

• Operates under Joint Stock Company Act

• Must include at least ten persons

Which of these is considered a universal value in ethics?

• Competitive advantage

• Intellectual property

• Moral behavior across cultures

• Brand visibility

Which of the following best defines an intrapreneur?

• Independent business owner

• Government-backed business creator

• Innovator within an existing organization

• Micro-entrepreneur