Entrepreneurship Principles Quiz for Grade 12 Students
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Questions and Answers

What does the term 'entrepreneur' mean?

  • Risk taker
  • Business operator
  • Wealth creator
  • Innovative mindset (correct)

    • What is a salient feature of entrepreneurship?

  • Committed to a happy and fruitful life
  • Considers risk as inherent (correct)
  • Opportunity seeker
  • Quality-oriented

    • How does entrepreneurship perceive changes in the environment?

  • As irrelevant to business operations
  • As a threat to the business
  • As a sign of unhealthy economic environment
  • As a source for new entrepreneurial opportunities (correct)

    • What is the motive of entrepreneurship in opening a business?

    <p>Means to a happy and fruitful life (wealth-creating venture)</p> Signup and view all the answers

    What is the relevance of entrepreneurship?

    <p>Creates employment and introduces innovation</p> Signup and view all the answers

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