This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. THE CLASSIFICATION OF ENTREPRENEURS ON THE BASE OF SIZE IS BASED ON ..... A) MARKET SIZE. B) INVESTMENT IN CAPITAL. C) INVESTMENT IN PLANT AND MACHINERY. D) CUSTOMER BASE. Show Answer Correct Answer: C) INVESTMENT IN PLANT AND MACHINERY. 2. The Department of Trade and Industry (DTI) is responsible for registering businesses and supporting small enterprises in the Philippines. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 3. Benfits of owning a franchise bunisess A) Easier to get finacing. B) Protected terriorty. C) Proven busniess model. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. What is the meaning of "Double Whammy" ? A) A situation where two positive events occur simultaneously. B) A situation where two adverse events or effects occur simultaneously. C) A term used to describe a single unfortunate event. D) A financial model for maximizing profits. Show Answer Correct Answer: B) A situation where two adverse events or effects occur simultaneously. 5. Allan is a entrepreneur with lucrative and innovative ideas which he adopts and implement in his profitable business that eventually grow quickly into a hugely profitable company in just a short period of time.What type of Entrepreneurship was showcase in the scenario A) Small Business Entrepreneurship. B) Large Business Entrepreneurship. C) Scalable Startup Entrepreneurship. D) Social Entrepreneurship. Show Answer Correct Answer: C) Scalable Startup Entrepreneurship. 6. What is the role of 'grit' in entrepreneurship according to the article? A) It is only needed in large companies. B) It helps deal with stress and setbacks. C) It can be easily taught. D) It is not important. Show Answer Correct Answer: B) It helps deal with stress and setbacks. 7. How do government policies affect the startup ecosystem? A) Government policies have no impact on the availability of resources. B) Government policies only benefit large corporations, ignoring startups. C) Government policies hinder innovation by imposing strict regulations. D) Government policies affect the startup ecosystem by shaping the regulatory environment, providing funding and support, and influencing market conditions. Show Answer Correct Answer: D) Government policies affect the startup ecosystem by shaping the regulatory environment, providing funding and support, and influencing market conditions. 8. What is a disadvantage of entrepreneurship? A) Personal satisfaction. B) Lower taxes. C) Uncertain income. D) Flexible schedule. Show Answer Correct Answer: C) Uncertain income. 9. 60% of ..... fail in the first three years A) Coffee shops. B) Restaurants. C) Retail shops. D) Manufacturing plants. Show Answer Correct Answer: B) Restaurants. 10. What should a startup offer to persuade investors or customers to invest in or purchase its product? A) An unrealistic guaranteed return on investment. B) A unique and differentiated service or product. C) A vague and unclear value proposition. D) A low-cost product with limited functionality. Show Answer Correct Answer: B) A unique and differentiated service or product. 11. Before starting a business, it is important to identify the kinds of of entrepreneurial opportunities that match your aptitudes and interests. A) True. B) Fales. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 12. Which of the following is a significant impact of entrepreneurship on the economy? A) Decreasing foreign investment. B) Reducing market competition. C) Stimulating economic growth by creating new businesses. D) Decreasing employment opportunities. Show Answer Correct Answer: C) Stimulating economic growth by creating new businesses. 13. An intrapreneur operates: A) Independently with full ownership. B) Within a large organization. C) As a franchisee. D) Outside the formal sector. Show Answer Correct Answer: B) Within a large organization. 14. What key factor ensures better execution of an entrepreneurial idea? A) Clear definition of customer needs and market gaps. B) Strong advertising strategy and brand presence. C) Advanced office infrastructure and equipment. D) Rigid adherence to the initial business plan. Show Answer Correct Answer: A) Clear definition of customer needs and market gaps. 15. What is the primary objective of EDPs? A) Increase government revenue. B) Train and develop entrepreneurs. C) Provide corporate jobs. D) Promote large-scale industries. Show Answer Correct Answer: B) Train and develop entrepreneurs. 16. What is the main issue highlighted in the CBC News article? A) Canada has fewer entrepreneurs today than 20 years ago. B) Canada has a surplus of entrepreneurs. C) Canada has more entrepreneurs today than 20 years ago. D) Canada's economy is growing rapidly. Show Answer Correct Answer: A) Canada has fewer entrepreneurs today than 20 years ago. 17. Which of the following is not a role played by entrepreneurship in society? A) Reducing employment. B) Promoting new technologies. C) Encouraging competition. D) Creating new markets. Show Answer Correct Answer: A) Reducing employment. 18. What is a new trend among millennials according to the article? A) Starting tech companies. B) Investing in real estate. C) Buying franchise businesses. D) Avoiding entrepreneurship. Show Answer Correct Answer: C) Buying franchise businesses. 19. Kacey started a new business and has rapidly expanded since gaining the support of outside investors. What type of entrepreneurship is this? A) Small business. B) Scalable startup. C) Large company/intrapreneurship. D) Social entrepreneurship. Show Answer Correct Answer: B) Scalable startup. 20. What are the advantages of the 'Inverted Pyramid Model' for product-centric businesses? A) Increased development costs due to complex designs. B) Improved customer focus by prioritizing their needs. C) Creation of complex product descriptions for a wider audience. D) Prioritizing concise messaging with a clear audience focus. Show Answer Correct Answer: B) Improved customer focus by prioritizing their needs. 21. Which one of these is NOT a characteristic of an entrepreneur? A) Risk taker. B) Idea person. C) Generalist. D) Specialist. Show Answer Correct Answer: D) Specialist. 22. What are the social benefits of entrepreneurship? A) Job creation, economic growth, innovation, and community development. B) Higher taxes, increased government regulation, and decreased consumer spending. C) Decreased economic stability, limited job opportunities, and reduced innovation. D) Increased competition, reduced unemployment, and improved quality of life. Show Answer Correct Answer: A) Job creation, economic growth, innovation, and community development. 23. Which is NOT a disadvantage of Entrepreneurship? A) Risky. B) Uncertain Income. C) Work long hours. D) You are the boss. Show Answer Correct Answer: D) You are the boss. 24. To transform INPUT to a valuable OUTPUT, it has to go through ..... A) Entrepreneurship highway. B) Entrepreneurship process. C) Entrepreneurship 101 class. D) Entrepreneurship agenda. Show Answer Correct Answer: B) Entrepreneurship process. 25. Tower building is based on A) Product. B) Stakeholders. C) Business Environment. D) PECs. Show Answer Correct Answer: C) Business Environment. ← PreviousNext →Related QuizzesClass 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 1Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 2Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 3Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 4Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 5Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 6Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 7Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 9Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 10Class 11 Entrepreneurship Chapter 7 Role Of Government In Promoting Entrepreneurship Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books