Entrepreneurship Quiz

What is the meaning of the term "entrepreneur"?

• A person who inherits a business

• A person who creates and manages a business venture

• A person who avoids business risks

• A person who follows traditional business practices

Which of the following is NOT a key impact of entrepreneurship on society?

• It fosters economic growth

• It completely removes competition

• It drives technological advancements

• It generates job opportunities

Entrepreneurs who develop original and creative ideas are called ____________.

• Reactive entrepreneurs

• Adaptive entrepreneurs

• Innovative entrepreneurs

• Traditional entrepreneurs

How does entrepreneurship education prepare students for the future?

• By teaching them to manage financial risks

• By discouraging teamwork in business

• By ensuring a government job placement

• By limiting their career choices to business ownership

Which personal characteristic is crucial for persuading customers to buy a product?

• Persistence

• Persuasion

• Flexibility

• Risk-avoidance

What type of entrepreneur avoids changes even if it results in business failure?

• Proactive entrepreneur

• Drone entrepreneur

• Social entrepreneur

• Technopreneur

Which entrepreneurial competency involves "setting objectives" and "creating step-by-step plans"?

• Opportunity-seeking

• Risk-taking

• Planning competency

• Communication competency

Which statement correctly differentiates an entrepreneur from an employee?

• An entrepreneur works for a company, while an employee owns a business

• Entrepreneurs develop businesses and take financial risks, while employees perform assigned tasks for a salary

• Entrepreneurs have stable earnings, while employees deal with unpredictable income

• Employees have full independence in decision-making, while entrepreneurs follow orders

Which of the following is a TRUE statement about entrepreneurship?

• It plays a role in economic development

• It guarantees immediate success

• It is only for individuals with business degrees

• It requires high initial capital to start

Employees and entrepreneurs both contribute to the economy. Who is primarily responsible for creating businesses and job opportunities?

• Entrepreneurs

• Employees

• Consumers

• Investors