Entrepreneurship Introduction (Grade 9)
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Entrepreneurship Introduction
1.
An inventor and an entrepreneur do essentially the same thing.
- True
- False
2.
An inventor creates new products, services or processes.
- True
- False
3.
Entrepreneurship in its broadest form is defined as the pursuit of opportunity.
- True
- False
4.
Entrepreneurs should only attempt to meet identified wants or needs.
- True
- False
5.
List the four factors of production:
6.
List two examples of entrepreneurial opportunities:
7.
List two examples of Entrepreneurial Ideas:
8.
Explain the relationship between entrepreneurs, inventors, innovation and ideas.
9.
List three possible risks that might be faced by an entrepreneur.
10.
List one possible financial reward for entrepreneurs:
11.
List two possible non-financial rewards of entrepreneurship:
12.
What is the difference between needs and wants?
13.
Provide one example of a need.
14.
Provide one example of a want.
15.
Name two professions which require entrepreneurial skills.
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