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WorksheetsENTREPRENEURSHIP.
Total questions: 10
Worksheet time: 6mins
What do entrepreneurs do?
Purchase goods from the businesses.
Take risks and start a new business.
They contribute to the unemployment rate.
They inform the government on how the spending and consuming of the economy should happen.
What is GDP?
Government Department Procedure.
Gross Domestic Purchases.
Goals Derived from Production.
Gross Domestic Product.
Which one is incorrect between the successful entrepreneurs?
Worked hard.
Overcame disillusionment and failure.
Never struggled.
Remained enthusiastic about their enterprise.
Without entrepreneurs we would have...?
More businesses.
Rise in economic growth rate.
No trade unions.
Government and no business.
Focus of viability study .
Focus on the general examination of the potential of the idea.
Focus is on ability to pursue the idea.
Focus on matching of skillset with requirements.
Focus is on market and profit potential of the idea.
TRUE OR FALSE
SMMEs are Small, Medium and Macro Entreprise.
TRUE
FALSE
TRUE OR FALSE
The entrepreneurial process is a process through which a new venture is created.
TRUE
FALSE
A creative ________, he was continually dreaming up new projects.
trader
merchant
entreprenuer
seller
Which of the following is most likely to be a benefit of business growth?
Increased costs
Increased sales
Increased competition
Increased chance of failure
