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Business activity: the role of enterprise and entrepreneurs
Practice Questions

20 CIE IGCSE Business Studies questions on Business activity: the role of enterprise and entrepreneurs, each with instant feedback and a full examiner-style mark scheme.

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Try 2 sample questions on Business activity: the role of enterprise and entrepreneurs

Question 1 · 1 mark · Difficulty 1/3

Which of the following best describes an entrepreneur?

  1. A person who organises resources and takes risks to set up and run a business
  2. A person who works as an employee in a small business owned by someone else
  3. A person who manages a large, established corporation on behalf of shareholders
  4. A person who provides loan capital to a new business without taking any risk
Show answer & explanation
✓ Answer: A — A person who organises resources and takes risks to set up and run a business
An entrepreneur is someone who organises the factors of production, takes financial risk, and sets up or runs a business in pursuit of profit. Option A describes a professional manager, not an entrepreneur. Option C describes a lender such as a bank, who does not take entrepreneurial risk. Option D describes an employee, not a business owner.
Question 2 · 1 mark · Difficulty 1/3

Which of the following is a characteristic most commonly associated with a successful entrepreneur?

  1. Preferring to avoid any situation involving uncertainty or risk
  2. Delegating all decision-making to experienced professional managers
  3. Relying entirely on government grants rather than personal initiative
  4. Showing willingness to take calculated risks and innovate
Show answer & explanation
✓ Answer: D — Showing willingness to take calculated risks and innovate
Successful entrepreneurs are characterised by a willingness to take calculated risks and to innovate by introducing new products, services, or methods. Risk aversion contradicts the entrepreneurial role of taking business risks. Relying solely on government grants shows a lack of personal initiative. Delegating all decisions removes the entrepreneurial function of organising and directing the business.
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CIE IGCSE Business Studies: Business activity: the role of enterprise and entrepreneurs FAQ

How many CIE IGCSE Business Studies questions on Business activity: the role of enterprise and entrepreneurs are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Business activity: the role of enterprise and entrepreneurs for CIE IGCSE Business Studies, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Business Studies?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Business activity: the role of enterprise and entrepreneurs practice with other Business Studies topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Business activity: the role of enterprise and entrepreneurs questions aligned to the official CIE IGCSE Business Studies syllabus?
Every question is written against the published CIE IGCSE Business Studies specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Business activity: the role of enterprise and entrepreneurs typically tested on CIE IGCSE Business Studies papers?
Business activity: the role of enterprise and entrepreneurs appears across multiple question types on real CIE IGCSE Business Studies papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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