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1. The payment for use and the received income of a land owner is _____.
a) Wages
b) Rent
c) Interest
d) Loan
2. _____ capital— this includes machinery, factories, equipment, new technology, factories etc.
a) Variable
b) Current
c) Shared
d) Fixed
3. Enterprises and entrepreneurs have been in the center stage of modernization since the days of Industrial I Revolution.
ANS: FALSE
4.Successful entrepreneurs are able to anticipate and overcome the business risks that cause others to fail.
ANS: TRUE
5. An entrepreneur who continuously comes up with new ideas and starts new businesses is a called _____
ANS:Serial
6.The Erasmus for Young Entrepreneurs was introduced in _____
ANS: 2007
7. _____ is the number of years SMES have to repay their loan under the Micro Small and Medium Enterprise Development Fund
ANS: 3years
8. stage are institutional investors are likely to be included along with initial investors from previous rounds.
ANS: Expansion
9. A process that involves recognizing opportunities in the environment, mobilizing resources to take advantage of such opportunities, to the ultimate consumers and making profit as a reward of risk taking is ______
ANS: entrepreneurship
10. is the term that looks at how to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings.
ANS: Entrepreneurship education
11. An initiative requiring many coordinates or financial applications as the overall operating entity is _____
ANS: enterprise
12.——- is the amount of loan for start-up businesses in Micro Small and Medium Enterprise Development Fund
ANS: 0.1
13. ______ replaced vacuum tubes in computers.
ANS: Transistors
14. AIG (_____ International Group)
a) African
b) Asia
c) Aero
d) American
15. Ordinary _____ constitute the equity base of a firm
a) Debentures
b) Interest
c) Stocks
d) Shares
