An _______________ is a person who undertakes the risks involved in establishing and running a business in the hope of a making profit.
Entrepreneurship

Quiz
•
Business
•
10th Grade
•
Hard
J Morton
Used 6+ times
FREE Resource
9 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The act or process of managing a business enterprise.
3.
OPEN ENDED QUESTION
2 mins • 2 pts
There are two important questions that a budding entrepreneur needs to be able to answer before embarking on a business venture:
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 8 pts
Successful entrepreneurs have the ability to come up with an idea or concept that they recognize as an opportunity to be profitably exploited, and then implement actions to put their idea into practice.
List the 8 functions of an entrepreneur.
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 4 pts
Explain 2 of the functions of entrepreneur listed above?
Evaluate responses using AI:
OFF
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are characteristics of entrepreneurs?
Creative
Persistent
Persevering
All the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are leadership qualities of entrepreneurs?
communication skills
atmosphere
all the above
perseverance
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the factors of production?
Land, Labour, Planning, learning
Land, Labour, Capital Enterprise
Labour, Capital Communication, Entrepreneurship
Labour, Capital, Entrepeneurship, Planning
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which are the important elements that will incorporate into their operations?
accounting system, increasing sales, reducing costs
accounting system, evaluating, contributing, risk bearing
accounting system, collaborating, planning, learning
accounting system, organizing, operating, collaborating
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