
Ch. 1 Revision
Quiz
•
Other
•
9th - 12th Grade
•
Medium
Binal Jigar Shah
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurship is mainly focused on:
Continuation of an existing business
Idea generation and implementing new business ideas
Following traditional business methods
Avoiding risks in business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurship is best described as:
A way to get employed
A method to utilize resources effectively
A chance to work in government jobs
A non-profit activity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Baumol’s definition, entrepreneurship includes:
Just economic opportunity-seeking behavior
All kinds of opportunity-seeking behavior, including political rent-seeking
Only innovative ideas
Only the adoption of new technologies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of an innovative entrepreneur is:
Shahnaz Husain
Bill Gates
A small shopkeeper
An employee in a factory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs who improve upon existing ideas and gain an upper hand in the market are known as:
Innovative entrepreneurs
Fabian entrepreneurs
Drone entrepreneurs
Imitative entrepreneurs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Women entrepreneurship involves a business enterprise that is owned, managed, and controlled by women with a minimum financial interest of:
35%
51%
75%
100%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurship is considered a career option when:
You are satisfied with your current job
You prefer working under someone
You enjoy taking risks and being your own boss
You want to avoid decision-making
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