
MIDTERM QUIZ IN ENTREPRENEURSHIP IN TH INDUSTRY
Quiz by Kaileen Ricasa
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It is a program aimed to improve the living standards of a country’s citizenry.
It is an ability of a person to organize, develop and to operate a business enterprise.
It is a person that identifies and offers a business solution, prepare and assemble available resources and expect for the business risk of failing and succeeding.
Which of the following is NOT a task of an Entrepreneur?
Which of the following is NOT a task of an Entrepreneur?
To provide variety of products and services
Labor is also known as the:
Which of the following is NOT a function of an entrepreneur?
Innovation involves the following EXCEPT:
This is the stage in the process of innovation where ideas and principles generated during invention are applied to products and techniques of a business.
This is the stage in the process of innovation where new products and processes are devised and discovered.
It is a one of the four major stages of turning new venture to long term enterprise where an entrepreneur starts to question if his/her ideas, products or services are feasible.
Which of the following does NOT happen during late growth stage?
It is a one of the four major stages of turning new venture to long term enterprise where an entrepreneur starts to produce a prototype product and test it to the market.