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Entrepreneurship Quiz

Authored by Ashley Michaelis

Business

12th Grade

Used 1+ times

Entrepreneurship Quiz
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurship is best defined as:

Working for a large corporation

Starting and managing a business venture while taking financial risks

Being self-employed without legal registration

A hobby someone occasionally earns money from

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common characteristic of successful entrepreneurs?

Avoids risk at all costs

Works only independently

Shows initiative and resilience

Prefers routine tasks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brainstorming, trend analysis, and observing customer pain points are examples of:

Legal filings

Entrepreneurial discovery strategies

Manufacturing processes

Accounting tools

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A feasibility study helps entrepreneurs:

Eliminate competition

Determine if a business idea can realistically succeed

Hire employees

Avoid paying taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurship strengthens a market economy because entrepreneurs:

Reduce competition

Create new jobs, innovations, and consumer choices

Eliminate government intervention

Replace all large companies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply and demand, scarcity, and opportunity cost are examples of:

Marketing tools

Accounting errors

Basic economic concepts

Legal restrictions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Principled entrepreneurship requires:

Maximizing profits at any cost

Taking responsibility for personal and business actions

Avoiding ethical concerns

Ignoring feedback

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