Question 6(Multiple Choice Worth 5 points)
(01.02 LC)
The ability to see problems from multiple angles and use high-level thinking to find effective solutions describes which characteristics of an entrepreneurial mindset?
A Critical thinking and problem-solving skills
B Ethical practices and social responsibility
C Grit and growth mindset
D Self-reliance and initiative
Question 7(Multiple Choice Worth 5 points)
(01.05 LC)
How do small businesses impact global economic development?
A They account for the majority of businesses worldwide, especially in developing countries.
B They decrease tax revenue in their local economies.
C They decrease competition in their local communities.
D They reduce the money spent on goods and services produced in developed economies.
Question 8(Multiple Choice Worth 5 points)
(01.04 MC)
Which of the following is an example of something you would protect with a trademark?
A An oil painting
B The design for a vehicle
C The formula for a medication
D The logo for a brand
Question 9(Multiple Choice Worth 5 points)
(01.03 LC)
Which of the following describes how intrapreneurship can benefit aspiring entrepreneurs?
A It can create an innovative workforce.
B It can provide creative solutions.
C It can provide entrepreneurial experience.
D It can regulate new opportunities.
Question 10(Multiple Choice Worth 5 points)
(01.05 MC)
When the importation of produce from several countries is banned, citizens are unable get fruits and vegetables not grown in their own country. Which type of scarcity is this an example of?
A Demand-induced
B Shortage
C Structural
D Supply-induced