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Entrepreneurship lesson 1

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is the purpose of entrepreneurship?

a)

To play a big role in countries economy

b)

To understand the use of money

c)

To create opportunities and stimulate the economy

d)

To nurture unconventional talents and skills

2.

What are the types of enterprises according to concept?

a)

New Concept, Existing Concept and a New Business, Existing Concept and an Existing Business

b)

New Concept, Existing Concept and a New Business, Existing Concept giving Rise to a New Business

c)

New Concept, Existing Concept and an Existing Business, Existing Concept and a New Business

d)

New Concept, Existing Concept giving Rise to a New Business, Existing Concept and an Existing Business

3.

What are the types of enterprise according to size?

a)

Micro-Enterprise, Small Enterprise, Medium Enterprise

b)

Small Enterprise, Medium Enterprise, Large Enterprise

c)

Micro-Enterprise, Medium Enterprise, Large Enterprise

d)

Small Enterprise, Medium Enterprise, Extra-Large Enterprise

4.

Which of the following is an example of a small enterprise?

a)

Small Printing Press

b)

Watch Repair

c)

Food Stall

d)

Meat Stall

5.

What are the 3 P's of Social Enterprise?

a)

People, Profit, Purpose

b)

Profit, Purpose, Planet

c)

People, Planet, Profit

d)

Purpose, People, Product

6.

What is the definition of resource?

a)

A property, resource, or advantage that is of value

b)

The concept of introducing something new

c)

A possibility of loss or damage

d)

One that purchases or buys the product

7.

What is the meaning of innovation?

a)

A property, resource, or advantage that is of value

b)

A possibility of loss or damage

c)

The concept of introducing something new

d)

A source of supply or support or an available means

8.

What is the definition of risk?

a)

A source of supply or support or an available means

b)

The concept of introducing something new

c)

A property, resource, or advantage that is of value

d)

A possibility of loss or damage

9.

What is the meaning of asset?

a)

A source of supply or support or an available means

b)

A possibility of loss or damage

c)

The concept of introducing something new

d)

A property, resource, or advantage that is of value

10.

What is the definition of customer?

a)

A source of supply or support or an available means

b)

The concept of introducing something new

c)

A possibility of loss or damage

d)

One that purchases or buys the product

11.

What is the goal of a business enterprise?

a)

To engage in commercial activities for the purpose of livelihood and profit

b)

To improve human and environmental well-being

c)

To create opportunities and stimulate the economy

d)

To nurture unconventional talents and skills

12.

What is the goal of a social enterprise?

a)

To improve human and environmental well-being

b)

To nurture unconventional talents and skills

c)

To create opportunities and stimulate the economy

d)

To engage in commercial activities for the purpose of livelihood and profit

13.

What is the meaning of the term 'StudentPreneur'?

a)

A student who plays a big role in countries economy

b)

A student who engages in commercial activities for the purpose of livelihood and profit

c)

A student who uses commercial activities to improve human and environmental well-being

d)

A student who thinks outside the box

14.

What is the meaning of the term 'Micro-Enterprise'?

a)

Total assets: between 3 Million to 15 Million Pesos, between 10 to 99 Employees

b)

Total assets: less than 3 Million Pesos, 100 employees or more

c)

Total assets: less than 3 Million Pesos, less than 10 Employees

d)

Total assets: more than 15 Million Pesos, 100 employees or more

15.

What is the meaning of the term 'Medium Enterprise'?

a)

Total assets: between 3 Million to 15 Million Pesos, between 10 to 99 Employees

b)

Total assets: less than 3 Million Pesos, less than 10 Employees

c)

Total assets: more than 15 Million Pesos, 100 employees or more

d)

Total assets: less than 3 Million Pesos, 100 employees or more