ENTRE QUIZ 1

The word “entrepreneur” was derived from the French verb _______________ which means ______?

• Enterprendre ; to overtake

• Enterprendre ; to undertake

• Enterprender ; to undertake

• Enterpredere ; to overtake

These entrepreneurs are people who follow the path shown by innovative entrepreneurs.

• Imitating Entrepreneurs

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Drone Entrepreneurs

• Social Entrepreneurs

Die-hard conservatives even ready to suffer the loss of business

• Imitating Entrepreneurs

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Drone Entrepreneurs

• Social Entrepreneurs

They are the business leaders and contributors to the economic development of a country.

• Imitating Entrepreneurs

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Drone Entrepreneurs

• Social Entrepreneurs

They wait for some time before the innovation becomes well tested by others and do not result in a huge loss due to its failure.

• Imitating Entrepreneurs

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Drone Entrepreneurs

• Social Entrepreneurs

They drive social innovation and transformation in various fields

• Imitating Entrepreneurs

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Drone Entrepreneurs

• Social Entrepreneurs

Entrepreneurship is a continuous effort for synergy to ensure optimization of performance in organization

• True

• False

The essence of entrepreneurship is the willingness to assume risk arising the creation and implementation of new ideas.

• True

• False

It is a business owned by only one person. It is easy to set-up and is the least costly among all forms of ownership.

• Sole Proprietorship

• Partnership

• Corporation

• Limited Liability Company

It is a business owned by two or more persons who contribute resources into the entity. They divide the profits of the business among themselves.

• Sole Proprietorship

• Partnership

• Corporation

• Limited Liability Company