Q1 Entrep Practice Test
Quiz by Doodlethorn
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- Q1
It is a philosophy or process through which an entrepreneur seeks innovation and employment.
Entrepreneurship
Entrepreneur
Enterprise
Entrepreneurology
30s - Q2
What is the key word in entrepreneurship?
Opportunity
Profit
Risk
Innovation
30s - Q3
Person who undertakes an enterprise with chances of profit or loss.
Entrepreneurship
Entrepreneur
Enterprise
Businessman
30s - Q4
In the 21st Century, how would you define an entrepreneur?
They are someone who sets up an existing idea.
They are people who bear less risk in the economical activity.
They are a customer-focused innovator using e-knowledge.
B and C
30s - Q5
Using the given sets, identify if the description falls under entrepreneurship, enterprise, or enterpreneur.
Users sort answers between categoriesSorting30s - Q6
Using what you've learned, differentiate a businessman and an entrepreneur.
Users sort answers between categoriesSorting30s - Q7
Entrepreneurship is mostly for people with good educational background in business courses.
falsetrueTrue or False30s - Q8
Using what you know, sort out the exclusive benefits and relevance of entrepreneurship.
Users sort answers between categoriesSorting30s - Q9
It refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business.
Users re-arrange answers into correct orderJumble30s - Q10
Match the entrepreneurial character traits to their description.
Users link answersLinking30s - Q11
Which cluster do these terms fall under?
Users sort answers between categoriesSorting30s - Q12
It is the combination of entrepreneurial concepts and principles, entrepreneurial character traits and entrepreneurial skills
Core Competency
Entrepreneurial Traits
Entrepreneurial Skills
Competitive Advantage
30s - Q13
Establishes the solid foundation of sustainability of the entrepreneurial venture in the heart of the competition.
Core Competencies
Competitive Advantage
Entrepreneurial Traits
Entrepreneurial Skills
30s - Q14
A successful entrepreneur...
Understand fully the concepts and principles of entrepreneurship
Internalize and live out the character traits that are common among successful entrepreneurs
Acquire, develop, sharpen, and focus your entrepreneurial skills
All of the above
30s - Q15
It is a strategic marketing approach and process that is intended to define the specific customer of the product.
Market Targeting
Market Identification
Market Sourcing
Market Segmentation
30s