HELE06 General Quiz

What is entrepreneurship defined as?

• The process of starting a business
• The process of selling products
• The process of managing finances
• The process of marketing goods

When can the first entrepreneurs be traced back to?

• 5,000 years ago
• 10,000 years ago
• 15,000 years ago
• 20,000 years ago

Where did the first known trading between humans take place?

• Europe
• New Guinea
• North America
• Africa

What were locals exchanging in New Guinea around 17,000 BCE?

• Gold
• Obsidian
• Silver
• Copper

What was obsidian used for?

• Food
• Hunting tools
• Clothing
• Shelter

What did early hunter-gatherer tribes trade goods for?

• Currency
• Land
• Other needed goods
• Technology

What market forces have always ruled entrepreneurship since the beginnings of history?

• Inflation and deflation
• Supply and demand
• Taxes and regulations
• Technology and innovation

In the Agricultural Revolution, what needs did early entrepreneurs meet?

• Medical needs
• Entertainment needs
• Farmers' needs
• Transportation needs

What did early entrepreneurs receive in exchange for providing farmers with tools and shelter during the Agricultural Revolution?

• Money
• Shelter
• Food
• Clothing

What is obsidian?

• A type of wood
• A volcanic glass
• A precious metal
• A type of food