Recent Lessons

Show all results for ""

Entrepreneurship Principles Quiz for Grade 12 Students

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Download our mobile app to listen on the go

Get App

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) (A)</p> Signup and view all the answers

What is the relevance of entrepreneurship?

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

Flashcards

Entrepreneur

A person with an innovative mindset who starts and manages a business.

Risk in Entrepreneurship

Accepting and managing risk is a fundamental part of entrepreneurship.

Environmental Changes

Entrepreneurship views environmental changes as potential catalysts for identifying and seizing new business opportunities.

Entrepreneurship Motive

Opening a business is a path to wealth and a fulfilling life.

Signup and view all the flashcards

Relevance of Entrepreneurship

It generates jobs and fosters innovation within a society.