Entrepreneurship and Economic Growth

Entrepreneurship and Economic Growth

1st - 3rd Grade

10 Qs

quiz-placeholder

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Entrepreneurship and Economic Growth

Entrepreneurship and Economic Growth

Assessment

Quiz

Business

1st - 3rd Grade

Hard

Created by

Karen Lewis

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do entrepreneurs do?

Purchase goods from the businesses.

Take risks and start a new business.

They contribute to the unemployment rate.

They inform the government on how the spending and consuming of the economy should happen.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GDP?

Government Department Procedure.

Gross Domestic Purchases.

Goals Derived from Production.

Gross Domestic Product.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is incorrect between the successful entrepreneurs?

Worked hard.

Overcame disillusionment and failure.

Never struggled.

Remained enthusiastic about their enterprise.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Without entrepreneurs we would have...?

More businesses.

Rise in economic growth rate.

No trade unions.

Government and no business.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Focus of viability study .

Focus on the general examination of the potential of the idea.

Focus is on ability to pursue the idea.

Focus on matching of skillset with requirements.

Focus is on market and profit potential of the idea.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

TRUE OR FALSE

SMMEs are Small, Medium and Macro Entreprise.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

TRUE OR FALSE

The entrepreneurial process is a process through which a new venture is created.

TRUE

FALSE

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