gce 2022 intermediate level entrepreneurship 1

gce 2022 intermediate level entrepreneurship 1

gce 2022 intermediate level entrepreneurship 1

Who defined the entrepreneur as an “innovator’?
A Fcdrick W. Taylor
B Peter F. Druckcr
C Henry Fayol
D Joseph A. Schumpeter
One of the following is a personal characteristic
of an entrepreneur.
A Risk bearer.
B Systematic risk.
C Business risk.
D Interest risk.
10.
One type of Entrepreneurship, motivated by
psychological and economic rewards is
A Technical entrepreneurship
B Professional entrepreneurship
C Pure entrepreneurship
D Induced entrepreneurship
2.
‘flicprocessofcreating,seizing,and pursuing
business opportunities regardless of the resources
available is known as
A Partnership.
B Sole proprietorship.
C Enterprising.
D Entrepreneurship.
1 1 .
Which of the following is a constraint to the
Entrepreneur?
A Limited business idea
B Provide self-employment
C Independence
D Increases the source of finance
J.
4. For the Entrepreneur and Intrapreneur, one of these 12.
is true for the former but false to the latter:
A They are all risk bearers
B They are both highly committed
C They both have the ability to identify
opportunities
D They both earn profit
The main role of an entrepreneur which aims at
reducing pressure on the state is
A Collection of tax revenue
B Creation of employment
C Opening of many businesses to increase
profit
D Reduction of cost
A business type, formed, financed, and controlled by 13.
one person is called?
A Joint stock company
B Partnership
C Sole trader
D Private limited company
5. The pair of enterprises that have unlimited
liabilities is
A Sole trader and public corporation
B Sole trader and partnership
C Sole trader and public limited company
D Sole trader and private limited company
Which of the following forms of enterprise is
overseen by the Board of Directors?
A Sole trader.
B Public limited company.
C Partnership business.
D Sole trader and company.
6. 14. The oldest loan of business organisation is the
A Public limited company.
B Sole proprietor.
C Joint stock company.
D Partnership.
15. What is the main aim of every business enterprise?
A Create employment
B Improve working conditions
C Maximise profit
D Sustainability