Entrepreneurship Quiz

Entrepreneurship Quiz

5th Grade

36 Qs

quiz-placeholder

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Entrepreneurship Quiz

Entrepreneurship Quiz

Assessment

Quiz

Education

5th Grade

Easy

Created by

Noli Villacruz

Used 2+ times

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who identifies market gaps, assumes risks, and innovates to build a successful company is known as:

Shareholder

Manager

Entrepreneur

Supervisor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of entrepreneurship?

Maintaining a stable job in a company

Managing financial risks without taking action

Creating and growing a business that generates value and profit

Avoiding innovation while managing a business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which scenario demonstrates an entrepreneur identifying an opportunity?

Copying a successful business model without modifications

Developing a product that solves a widespread but overlooked problem

Waiting for market trends to dictate business decisions

Investing in a business without understanding the risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a successful entrepreneur primarily rely on when launching a business?

Pure luck and market fluctuations

Innovation, financial management, and risk-taking

Copying competitors' strategies

Relying solely on existing customer preferences

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is market research essential for business success?

It guarantees immediate profits

It helps understand customer needs and identify gaps

It eliminates all business risks

It focuses only on competition analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can solving a problem lead to a business opportunity?

By ignoring customer complaints and focusing on marketing

By introducing a product that addresses an unmet customer need

By offering the same service as competitors at a higher price

By limiting product availability to specific customer groups

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A community lacks affordable childcare services. What is the best entrepreneurial approach?

Open a new high-end toy store

Launch a tutoring business for high school students

Start an affordable daycare center

Create an app for online shopping

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