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Entrepreneurial Quiz#1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The entrepreneur will enjoy the _____ as a reward if he succeeds.

a)

profit

b)

business

c)

revenue

d)

capital

2.

The introduction of  a new method is  referred to as ______.

a)

development

b)

entrepreneurship

c)

new market

d)

innovation

3.

The following are factors of production except for

a)

land

b)

capital

c)

labor

d)

innovation

4.

______ is an actual introduction of a new product or process

a)

invention

b)

development

c)

innovation

d)

entrepreneurship

5.

a new venture stage where the entrepreneur starts to question the feasibility of an idea, product or service

a)

prestart-up stage

b)

start-up stage

c)

early growth stage

d)

late growth stage

6.

_____ is a scheme aimed at improving the living standards of the nation's citizenry.

a)

Economic Development

b)

Economy

c)

Entrepreneurship

d)

Innovation

7.

Entrepreneurs' characteristic is being _______ when he is able to understand and be understood when doing transactions with customers, suppliers and other stakeholders.

a)

Technical knowledge

b)

Ability to communicate

c)

Reasonable Risk-taker

d)

Critical Thinking Ability

8.

Entrepreneur's ability to bounce back when failing.

a)

Critical thinking

b)

Risk-taker

c)

Resilience

d)

Technical knowledge

9.

The following are entrepreneurial tasks toward economic development except for___

a)

employment

b)

taxes

c)

products and services for cusomers

d)

planting trees

10.

______ performs the functions of harnessing the potentials of any or all of the economic activities.

a)

Businessman

b)

Teacher

c)

Entrepreneur

d)

Stakeholders