Advanced level 2024 North West mock entrepreneurship 1
Advanced level 2024 North West mock entrepreneurship 1
Which of the following is considered as an 8.
aspect of the entrepreneurial spirit?
A The desire to increase savings.
B The desire to obtain a highly paid job.
C The desire to obtain huge bank loans.
D The desire to exploit new opportunities.
The focus of a social enterprise is to
A provide social amenities.
B produce goods and services.
C maximise profit.
D minimisation cost.
1.
9. An enterprise where owners cannot be sued
using their individual names is called,
A a sole trader.
B a public limited company.
C a partnership.
D a church.
An entrepreneur who owns more than one line
businesses at a time is called,
A an entrepreneur leader.
B a corporate entrepreneur.
C a portfolio entrepreneur.
D a venture entrepreneur.
2.
One of the factors of production that
naturally increases in value over the passage
of time is
A land.
B an entrepreneur.
C capital.
D labour.
10.
Identify an importance of entrepreneurship in
the alternatives below.
A Decreases employment.
B Balances employment.
C Increases employment.
D Discriminate employment.
3.
The difference between an entrepreneur and
an intrapreneur is that the entrepreneur is a
founder of the enterprise while the
A intrapreneur is the founder of only one
enterprise.
B intrapreneur is found within the
entrepreneurs..
C intrapreneur is the founder of many
enterprises.
D intraprepreneur is the founder of a
branch of an enterprise.
Intrapreneurship can best be referred to as
A a system that allows an employee to act
like an entrepreneur within a company.
B a system that allows an employer to act
like a worker.
C a system that allows a businessman to
create a business.
D a system that allows an employer to
employ an employee.
4. 11.
Show the external problem of an entrepreneur
in the alternatives below.
A Management.
B Objectives.
C Employees.
D Laws.
5.
A characteristic of an entrepreneur below is
A Innovation.
B Availing new sources of capital.
C Decision making under uncertain
situations.
D Risk taking ability.
12.
Any type of enterprise in which the capital
and resources are limited, and the scale of
business is small, is a/an
A small scale enterprise.
B innovative enterprise.
C scalable start-up.
D imitative enterprise.
6.
A major responsibility of an entrepreneur is
to select Businesses with
A select calculated risks.
B choose low risk ventures.
C select no risk ventures.
D choose high risk.
13.
)
Engaging in the extraction of raw materials
which are then converted into finished goods
is the concern of
A industrial Entrepreneur.
B agricultural Entrepreneur.
C tertiary Entrepreneur.
D primary Entrepreneur.
7.
14. Governments are interested in entrepreneurial
activity because
A it increases economic power of the
people.
B it increases the political power of the
people.
C it brings about environmental stability.
D it brings about customers’ satisfaction.
