Pretest Entrepreneurship for Grade 4

Name one entrepreneurship skill that is important for starting a business.

• Playing video games

• Sleeping

• Cooking

• Decision-making

Why is entrepreneurship important for a community?

• Entrepreneurship has no impact on economic growth or job opportunities

• Entrepreneurship only benefits the individual and not the community

• Entrepreneurship creates job opportunities, drives innovation, and contributes to economic growth.

• Entrepreneurship leads to unemployment and stagnation in the community

What are some challenges that entrepreneurs may face when starting a business?

• Deciding on the office furniture

• Picking the best vacation spot

• Choosing the right color for the logo

• Securing funding, finding the right market, and dealing with competition

Who founded APPLE Incorporation?

• Steve Jobs

• Mark Zuckerberg

• Bill Gates

• Elon Musk

How can a small business contribute to the economy?

• By causing unemployment and reducing innovation

• By creating jobs, stimulating innovation, and providing goods and services

• By hoarding resources and limiting competition

• By avoiding taxes and exploiting workers

What is the difference between a product-based and service-based business?

• Online vs. offline business

• Local vs. international market

• Cheap vs. expensive products

• Physical goods vs. intangible services

What are some qualities that make a successful entrepreneur?

• Unwillingness to take risks, lack of creativity, and lack of determination

• Laziness, indecisiveness, and fear of failure

• Creativity, determination, resilience, and willingness to take risks.

• Lack of motivation, aversion to change, and inability to adapt

How can entrepreneurship help in solving social problems?

• By reducing economic growth

• By creating innovative solutions, providing job opportunities, and contributing to economic growth.

• By causing more social problems

• By increasing unemployment rates

What are the benefits of being an entrepreneur?

• Lack of control over your work

• Limited income potential

• Having to work for someone else

• The benefits of being an entrepreneur include being your own boss, pursuing your passion, and having the potential for unlimited income.

Which of the following businesses use a service business? Choose all that apply.

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