Entrepreneurship Impact Quiz
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Questions and Answers

What is the impact of entrepreneurship?

  • Increases government regulations
  • Creates job opportunities and drives innovation (correct)
  • Reduces economic growth
  • Leads to monopolistic competition

    • What is a key characteristic of entrepreneurship?

  • Following traditional business practices
  • Risk-taking and innovation (correct)
  • Relying solely on government support
  • Avoiding challenges and maintaining the status quo

    • What is the role of entrepreneurship in society?

  • Promoting income equality through monopolies
  • Stifling creativity and progress
  • Driving economic development and addressing social needs (correct)
  • Creating bureaucratic hurdles

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