Quiz on Entrepreneurship
Authored by Jgentle Gabuyo
Hospitality and Catering
12th Grade
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is defined as an organized effort of individuals to produce and sell goods and services?
Capitalism
Innovation
Business
Entrepreneurship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who first established the concept of entrepreneurship in the 1700s?
Adam Smith
Peter Drucker
Joseph Schumpeter
Jean Baptiste Say
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term describes the entrepreneur's drive for innovation and improvement according to Schumpeter?
Market disruption
Creative destruction
Business transformation
Economic evolution
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary aim of entrepreneurship?
To create monopolies
To gear someone towards self-employment
To increase government revenue
To eliminate competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'entrepreneur' derive from?
French word 'entreprende'
Latin word for creator
Spanish word for business
Greek word for innovator
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic often attributed to an entrepreneur?
Independence
Resourcefulness
Drive
Procrastination
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the responsibilities of surviving enterprises?
Increasing taxes
Creating monopolies
Providing products and services
Reducing employment
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