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Entrepreneurship Quiz

Authored by SER Jhed

Business

12th Grade

Used 6+ times

Entrepreneurship Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to the International Labour Organization (ILO), an entrepreneur is someone who has the ability to:

Avoid risks in business

Create new products only

See and evaluate business opportunities

Sell any type of product

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which definition describes an entrepreneur as someone who starts a new venture and takes initiative and risk?

Joseph Schumpeter

David Holt

A.H. Cole

Stevenson & Jarillo

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to A.H. Cole, entrepreneurship is the purposeful activity to:

Just create products

Initiate and maintain profit through goods and services

Avoid competition

Build a business without planning

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Joseph Schumpeter emphasized that entrepreneurship is based on:

Following old business traditions

Systematic and purposeful innovation

Low-risk activities

Selling only physical goods

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which definition describes entrepreneurship as pursuing opportunities without regard to resources currently controlled?

ILO

David Holt

Stevenson & Jarillo

Fred Wilson

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Fred Wilson defines entrepreneurship as:

Creating innovation for society

The art of turning an idea into a business

A risky venture requiring large capital

A group activity that avoids challenges

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the ILO definition, entrepreneurs not only see opportunities but also:

Depend on others for decision-making

Ensure appropriate actions for success

Avoid taking responsibility

Focus only on customer relationships

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