Entrepreneurship and Globalization Quiz

What is an entrepreneur?

• A person who buys shares in a company

• A person who starts and runs a business

• A person who works for the government

• A person who manages other people’s businesses

Which of the following is a characteristic of an entrepreneur?

• Lazy

• Afraid of risk

• Creative

• Dependent

What is the main reward for an entrepreneur?

• Interest

• Salary

• Profit

• Rent

Which of these is an example of an entrepreneur?

• Teacher

• Student

• A person who sets up a new bakery

• Bus driver

What is an intrapreneur?

• An employee who develops new ideas within a company

• A person who owns a small business

• A person who buys a franchise

• A business consultant

What does risk-taking mean in business?

• Avoiding all risks

• Making safe decisions

• Taking chances to achieve success

• Ignoring problems

What does innovation mean?

• Copying others

• Creating new products or ideas

• Closing businesses

• Buying existing companies

Which of the following is NOT a characteristic of an entrepreneur?

• Risk-taking

• Initiative

• Laziness

• Determination

Globalization means:

• The world becoming more connected

• Countries closing their borders

• Fewer international companies

• Less communication

One effect of globalization is:

• More world trade

• Less investment

• Higher trade barriers

• Isolation