Multiple-Choice Questions
on Entrepreneurship
1. What does the term
"entrepreneur" mean?
A. Innovator
B. Risk taker
C. To undertake
D. Problem solver
2. Which of the following is a key
characteristic of entrepreneurship?
A. Managing existing resources without
change
B. Avoiding risks
C. Taking calculated risks to achieve
goals
D. Imitating other businesses
3. Entrepreneurship primarily
contributes to which of the following?
A. Political stability
B. Economic growth and development
C. Decreasing population
D. Urbanization
4. What is one major
contribution of entrepreneurship
to the economy?
A. Reducing taxes
B. Increasing unemployment
C. Creating new organizations
D. Limiting innovations
5. Which of the following does
entrepreneurship improve for an individual?
A. Political influence
B. Standard of living
C. Weather conditions
D. Family dynamics
6. What managerial skill is developed
through entrepreneurship?
• A. Leadership
• B. Avoidance of risks
• C. Procrastination
• D. Conflict creation
Core Competencies in Entrepreneurship
7. Which personality trait
involves taking action without
being told?
A. Proactive
B.B. Initiative
C.C. Perseverance
D.D. Planner
8. A risk-taker entrepreneur
is someone who:
A. Avoids challenges at all costs
B. Seeks opportunities regardless of
risks
C. Gambles recklessly
D. Prefers guaranteed outcomes
9. What is the ability to innovate in
entrepreneurship?
• A. Repeating the same processes
• B. Developing new ideas and
products
• C. Rejecting creativity
• D. Ignoring market demands
Types of Entrepreneurs
10. Who are innovative entrepreneurs?
A. Entrepreneurs who imitate others
B. Entrepreneurs who drive social
change
C. Entrepreneurs who create new ideas
D. Entrepreneurs who are skeptical
about change
11. Fabian entrepreneurs are
known for:
A. Skepticism towards change
B. Driving social innovation
C. Creating groundbreaking
technologies
D. Copying successful ideas
12. Drone entrepreneurs are
characterized by:
• A. Reluctance to adapt to change
• B. Leading social transformation
• C. High levels of innovation
• D. Constantly seeking new opportunities
13. Social entrepreneurs focus on:
• A. Profiting from others’ labor
• B. Addressing social issues through innovation
• C. Avoiding changes in their fields
• D. Only creating products for the elite
Career Opportunities
14. What career can entrepreneurship graduates
pursue?
A. Business Consultant
B. Mechanical Engineer
C. Lawyer
D. Medical Technician
15. Entrepreneurs can work as
researchers in which area?
• A. Historical documentation
• B. Enterprise innovation
• C. Personal hobbies
• D. Archeology
16. Which of the following is NOT a
career opportunity for an
entrepreneur?
• A. Salesperson
• B. Business reporter
• C. Teacher
• D. Domestic helper
Common Competencies of Entrepreneurs
17. Decisiveness in entrepreneurship
means:
A. Indecision in high-stakes moments
B. Making firm and timely decisions
C. Following others' decisions
D. Avoiding all responsibility
18. What does it mean to be an
opportunity seeker?
• A. Waiting for others to find opportunities
• B. Identifying and seizing chances early
• C. Relying on luck for success
• D. Preferring routine over change
19. Communication skills for an
entrepreneur involve:
• A. Avoiding customer interactions
• B. Persuading and influencing others
• C. Ignoring feedback
• D. Relying on written communication only
Factors Affecting Entrepreneurship
20. Which of the following is an
environmental factor in
entrepreneurship?
A. Political climate
B. Individual initiative
C. Perseverance
D. Risk-taking ability
21. What does proactive behavior
entail in entrepreneurship?
• A. Waiting for events to unfold
• B. Reacting to situations only when necessary
• C. Preparing for future challenges
• D. Avoiding all risks
22. Personality traits such as
perseverance help an
entrepreneur:
• A. Quit during setbacks
• B. Overcome challenges to achieve goals
• C. Rely on others for decision-making
• D. Avoid taking risks
Interactive Activities and Self-Assessment
23. What activity involves assessing
your entrepreneurial traits?
A. Researching business history
B. B. Self-assessment questionnaire
C. Conducting surveys
D. Market analysis
24. Why is interviewing
entrepreneurs important?
• A. To gather inspiration and insights
• B. To criticize their business strategies
• C. To avoid learning about failures
• D. To gain financial investment
25. What is the purpose of
researching local entrepreneurs?
• A. To replicate their exact methods
• B. To learn from their experiences and
strategies
• C. To compete with their businesses
• D. To discredit their success
26. What does entrepreneurship create
in society?
A. Organizational development
B. Unemployment issues
C. Static markets
D. Loss of innovation
27. Which statement is true about
profit potential?
• A. It is guaranteed in entrepreneurship.
• B. It compensates entrepreneurs for their
efforts.
• C. It discourages business risk.
• D. It is irrelevant in a startup phase.
28. Which entrepreneur type is
most likely to follow trends?
• A. Drone
• B. Fabian
• C. Imitating
• D. Social
29. Why is entrepreneurship
considered dynamic?
• A. It remains static in methods.
• B. It adapts and evolves with market demands.
• C. It avoids all forms of risk.
• D. It discourages economic activity.
30. What best defines
entrepreneurship?
• A. A static role in the economy
• B. A dynamic process involving risk and
innovation
• C. A government-mandated activity
• D. A routine profession
