Entrepreneurship Pretest

Entrepreneurship Pretest

11th Grade

21 Qs

quiz-placeholder

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Entrepreneurship Pretest

Entrepreneurship Pretest

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Erma Estillore

Used 1+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the capacity or willingness to create, organize and manage a business venture along with its risk in order to make profit.

Entrepreneurship

Business

Management

Economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following statements are the socio-economic contributions of entrepreneurship EXCEPT __________.

It creates employment

It improves the quality of life

It utilizes and mobilizes resources for greater national productivity

It leads to unfavourable distribution of income and aggravates poverty

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual who undertakes the creation, organization and ownership of a business.

Manager

Creator

Organizer

Entrepreneur

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reason why not everyone wants to be an entrepreneur or to strike out on his own and start a business is due to the ___________.

Fear of loss or damage

Prestige or pride of being the boss

Possibility of achieving financial rewards

Opportunity of gaining wealth and building equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not true about entrepreneurs?

Entrepreneurs are risk-takers

Entrepreneurs are goal oriented

Entrepreneurs give up easily

Entrepreneurs are innovative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This includes resources such as money, machinery and equipment which are used to extract and process raw materials into finished goods.

Land

Labor

Capital

Entrepreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money left after a business has paid for the cost of producing its goods and services.

Price

Profit

Cost

Sales

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