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Entrepreneurship -Concepts and Functions

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

The function involves making appointments for the positions created by the organisational process.

a)

Planning

b)

Coordination

c)

Directing

d)

Staffing

2.

It is decision making in advance: what to do, when to do, how to do and who will do a particular task

a)

Organising

b)

Planning

c)

Directing

d)

Controlling

3.

A commercial function concerned with the movement of goods and services from the producer to the ultimate consumer.

a)

Accounting

b)

Financing

c)

Marketing

d)

Production

4.

Entrepreneurs are ____________ for nation.

a)

Liability

b)

Burden

c)

Life Line

d)

None of the above

5.

Entrepreneurs provide _________ benefit by providing goods/services, raising living standard and job opportunity.

a)

Personal Benefit

b)

Social Benefit

c)

None of the above

6.

It is the process of identifying opportunities in the market place and marshalling the resources required to pursue the opportunities for long term gains.

a)

Entrepreneur

b)

Entrepreneurship

c)

Enterprise

d)

None of the above

7.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
8.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
9.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
10.
Which type of business does this image represent? 
a)
Wholesale
b)
Retail
c)
Service
d)
Manufacturing
11.
Who created Facebook?
a)
Mark Zuckerberg
b)
Elon Musk
c)
JK Rowling
d)
Walt Disney
12.

Entrepreneurs create ____________________ for themselves and others.

a)

wealth

b)

risk

c)

plans

d)

none of these