Entrepreneurship and Enterprise Quiz

What is the primary goal of an entrepreneur?

• To take personal risks without any reward

• To work within a company without personal financial risk

• To benefit the community

• To establish and run their own business for a possible reward

Which of the following best describes 'enterprise'?

• Being innovative and creative while taking calculated risks

• The skill of networking with others

• The ability to delegate tasks

• The process of making important decisions

What is a social enterprise primarily focused on?

• Maximizing profits for shareholders

• Benefiting the community or addressing societal problems

• Developing new technologies

• Competing aggressively in the market

What does 'enterprising' involve?

• Avoiding risks at all costs

• Generating new ideas and having the confidence to take risks

• Focusing solely on short-term goals

• Delegating all responsibilities to others

Which of the following is NOT a factor of production?

• Land

• Labour

• Innovation

• Capital

What does 'proactivity' mean?

• Focusing only on current tasks

• Avoiding any form of risk

• Taking the initiative and making things happen

• Waiting for opportunities to come

What is the role of 'creativity' in entrepreneurship?

• To follow traditional methods

• To focus on financial management

• To think outside the box and find imaginative solutions

• To avoid any form of innovation

What does 'innovation' involve?

• Copying existing ideas

• Developing creative ideas into workable solutions

• Focusing only on financial risks

• Avoiding marketable solutions

What is 'flexibility' in the context of entrepreneurship?

• Sticking to a single plan

• Readiness to deal with changes and adapt if necessary

• Avoiding any form of change

• Focusing only on long-term goals

What does 'future-focused' mean?

• Avoiding any form of planning

• Ignoring potential future risks

• Anticipating change and looking for future opportunities

• Focusing only on past successes