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Worksheets

Quiz

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

Guess the famous entrepreneur

a)

Oprah Winfrey

b)

Benjamin Franklin

c)

Larry Page

d)

Henry Ford

2.

People who own, operate, and take risk of a business venture

a)

Entrepreneur

b)

Entrepreneurship

c)

Employer

d)

Option 1 &2

e)

None

3.

A business operating internationally can be successful using ___________

a)

Turnkey projects

b)

Joint venture

c)

Merger

d)

Synergy

4.

Entrepreneurial success has been significant because of the culture and the political and economic system in _______

a)

European countries

b)

Asian countries

c)

Transition economies

d)

Middle east

5.

Which is the balance points of Entrepreneurship?

a)

Means of social changes

b)

Increase in employment opportunities

c)

Optimum utilisation of resources

d)

All of the above

6.

The entrepreneur utilizes the resources through

a)

Identifying and evaluating the opportunity

b)

Developing a business plan

c)

Implementing the business plan

d)

Manage the enterprise.

7.

Which is the organisation supporting entrepreneurs?

a)

National Entrepreneurship Development Board

b)

Export Promotion Council

c)

Small Industry Service Institute

d)

All of the above

8.

Select the traits of an entrepreneur (any 3)

a)

Passionate

b)

Less risk taker

c)

Hard-working

d)

Motivated

9.

Which is/are the objectives of Entrepreneurial Development Programmes?

a)

All of the options

b)

None

c)

Promotion of self-employment

d)

Promotion of cottage and small scale industries

e)

Promotion of first generation businessmen

10.

Roasted is a community-driven coffee shop that opened locally. They have 10 employees. They are

a)

an example of a startup

b)

an example of a small business

11.

Which of the following is the most important for the entrepreneur, while starting a new venture, to make an assessment of?

a)

Risk

b)

Profit

c)

Market

d)

Competitors

12.

An entrepreneur doing business within the national border is called

a)

International entrepreneurship

b)

Intrapreneurship

c)

Domestic entrepreneurship

d)

Imports

13.

Innovation theory includes

a)

To create a new department

b)

To open a new market

c)

To present a new product

d)

All of the above

14.

The entrepreneur in an advanced economic is an individual who _______ something new into the economy - a method of production not yet tested by experience in the branch of manufacture concerned, a product with which consumers are not yet familiar, a new source of raw material, new markets and the like.

a)

Introduces

b)

Produced

c)

Reduced

d)

Increased

15.

"The entrepreneur is more than a manager. He or (she) is an innovator and promoter as well." Who said it?

a)

George Gilder

b)

Forrest H. Frantz

c)

Joseph A. Schumpeter

d)

Peter F. Drucker

16.

Capital rising entirely depends on the entrepreneur in which of the following entity

a)

Corporation

b)

Sole Proprietorship

c)

Partnership

d)

All of the above

17.

Which is the part of concept of Entrepreneurship?

a)

High achievement capacity

b)

Organisation building

c)

Group level reaction

d)

All of the above

18.

Entrepreneurial experience becomes increasingly important as

a)

Work load increases

b)

Complexity of venture increases

c)

Complexity of work increases

d)

None of the above.

19.

Individuals who help the entrepreneur in business activities are called

a)

Role models

b)

Moral support networks

c)

Professional support networks

d)

Business support networks.

20.

The word “entrepreneur” originates from a thirteenth-century ____________ verb, "entreprendre", meaning to do something

a)

Spanish

b)

Greek

c)

French

d)

German