Instructions: Answer ALL the questions below.

Multiple Choice Questions

1. Entrepreneurs are
A. High risk takers
B. Moderate risk takers
C. Small risk taker
D. Doesnt matter

2. Entrepreneurs typically form

A. Service businesses
B. Manufacturing companies
C. Constructive companies
D. A variety of ventures

3. Any patents, trademarks, copyright or trade secrets held by entrepreneur is known as

A. Disclosure document
B. Patent
C. Intellectual property
D. None of the mentioned

4. Personal characteristics to be a successful entrepreneur includes

A. Understanding environment
B. Creating management options
C. Encourage open discussion
D. All of the above

5. Which of the following is not a characteristic that is helpful for an entrepreneur to have
A. Self-esteem
B. Caution
C. Drive
D. Optimism
(5 marks)

True / False Questions

6. Observers say that in contemplating your business, you must start with a great idea
True / False

7. Entrepreneurs spot, create and exploit opportunities

True / False
8. Entrepreneurship occurs when an enterprising individual pursues lucrative opportunity
True / False

9. There is a difference between a small business an entrepreneurship venture

True / False

10. Successful entrepreneurs are innovators and also have good knowledge and skills in management,
business and networking
True / False
(5 marks)

Essay structured Question

11. State and explain the best option of business ownership in doing the following business:
a. Consultancy
b. Construction contract
c. Trading
(Support your suggestion with the appropriate facts)
(15 marks)

Instructions: Answer ALL the questions below.

Multiple Choice Questions

12. Entrepreneurs are

E. High risk takers
F. Moderate risk takers
G. Small risk taker
H. Doesnt matter

13. Entrepreneurs typically form

E. Service businesses
F. Manufacturing companies
G. Constructive companies
H. A variety of ventures

14. Any patents, trademarks, copyright or trade secrets held by entrepreneur is known as
E. Disclosure document
F. Patent
G. Intellectual property
H. None of the mentioned
15. Personal characteristics to be a successful entrepreneur includes
E. Understanding environment
F. Creating management options
G. Encourage open discussion
H. All of the above

16. Which of the following is not a characteristic that is helpful for an entrepreneur to have
E. Self-esteem
F. Caution
G. Drive
H. Optimism
(5 marks)

True / False Questions

17. Observers say that in contemplating your business, you must start with a great idea
True / False

18. Entrepreneurs spot, create and exploit opportunities

True / False

19. Entrepreneurship occurs when an enterprising individual pursues lucrative opportunity

True / False

20. There is a difference between a small business an entrepreneurship venture

True / False

21. Successful entrepreneurs are innovators and also have good knowledge and skills in management,
business and networking
True / False
(5 marks)

Essay structured Question

22. State and explain the best option of business ownership in doing the following business:
d. Consultancy
e. Construction contract
f. Trading
(Support your suggestion with the appropriate facts)
(15 marks)