Quiz 1
1. A person who organizes and manages any enterprise with considerable initiative and risk.
Steve Jobs
Jean-Baptiste Say
Entrepreneur
Entrepreneurship
2. The character of being a risk-taker, innovative, and joyful are traits of an entrepreneur listed by
the International Labour Organization.
True if Risk-Taker and innovative only
False if Joyful and Innovative only
True if Risk-taker and Joyful only
3. What kind of characteristics of an entrepreneur shows determination, hard work, and
persistence?
Self-confidence
Originality
Task-oriented
Future-oriented
4. What word is described by the foregoing quotation: “You`ve got to find what you love… your
work is going to fill a large part of your life, and the only way to be truly satisfied is to do what
you believe is great work. And the only way to do great work is to love what you do. “
Love
Dedication
Passion
Great love
5. What are the two common characteristics of an entrepreneur according to the 20 th-century
authors?
Leadership and Originality
Creativity and Self-confidence
Innovation and Opportunistic
Risk-taking and wisdom
6. Entrepreneurship is a constant process that is dependent on:
Creativity, innovation and sales
Taking care of consumers
Determination, retailing and profit
This study source was downloaded by 100000864048997 from CourseHero.com on 03-27-2023 02:16:43 GMT -05:00
https://www.coursehero.com/file/99690749/Quiz-1-ENTREPdocx/
Creativity, innovation and application in the business arena
7. The function of an entrepreneur?
The entrepreneur takes “calculated” risks
The entrepreneur makes plans only
An entrepreneur thinks the world is horrible, unfair and cruel and goes around thinking of how
to make it a better one.
8. The ability to discover creative solutions to opportunities and problems in order to enhance
people`s lives is called:
Entrepreneurship
Creativity
Innovation
None of the choices
9. It is invented as a tool for exchanging goods or services, making trading easier and more
acceptable.
Barter
Money
Value
Exchange
10. Starting a part-time business is a popular gateway to entrepreneurship.
True
False
None of the choices
11. Entrepreneurship is neither a science nor an art. It is a Practice. Means:
Knowledge and practice are ends in itself.
Knowledge and usage of the process paves way to a successful business
A and b
None of the choices
12. A person who creates a new product to sell and takes on all of the risks and responsibilities
involved is known as:
a. Entrepreneur
b. Entrepreneurship
c. Business man
d. None of the choices
This study source was downloaded by 100000864048997 from CourseHero.com on 03-27-2023 02:16:43 GMT -05:00
https://www.coursehero.com/file/99690749/Quiz-1-ENTREPdocx/
13. Mr. Park Bo-gum starts a new business enterprise, a service station. The business is an example
of:
a. An existing concept/existing business
b. An existing concept/ new business
c. New concept/existing business
14. Which one is TRUE about entrepreneurship?
a. There are no known risks
b. The owners have huge capital funds
c. There are risks and rewards involved.
15. Experts:
a. Anyone can be taught to be an entrepreneur
b. Believe that entrepreneurship can be taught only to someone who is under the age of 18
c. Believe that entrepreneurship can be taught only to someone who is over the age of 18
d. Disagree on whether entrepreneurship can be taught.
16. Local “wet” market, vegetable and fruit stalls, and beauty salons are examples of what type of
entrepreneurship:
a. Corporate
b. Social
c. Small business
d. Large company
17. Entrepreneurs are best as:
A. Managers
B. Planners
C. Doers
18. Entrepreneurship can be best described as:
a. A process that requires setting up a business
b. Taking a significant risk in a business context
c. Having a strong vision
d. A process of involving innovation, new products or services and value creation
This study source was downloaded by 100000864048997 from CourseHero.com on 03-27-2023 02:16:43 GMT -05:00
https://www.coursehero.com/file/99690749/Quiz-1-ENTREPdocx/
Powered by TCPDF (www.tcpdf.org)
