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Entrepreneurs Quiz 1 (25 MCQs)

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1. The flow of goods and services around the whole world.
2. This means satisfying customer's wants and needs while making a profit. It is a company-wide consumer orientation.
3. T century entrepreneurs
4. What could cause a new business to run short of cash during its first year?
5. Shark Tank is a reality TV program that allows entrepreneurs to pitch their business ideas to a panel of potential investors. However, for the entrepreneur, Shark Tank is really a:
6. Entrepreneurs who are aware of their personal strengths and weaknesses increase their chances of
7. _____ is looking for new ways to solve old problems
8. Why is collecting feedback from customers important?
9. All of the following are advantages of entrepreneurship, except
10. _____ is one who is always focused on introducing a new project or introducing something new in the venture already started .
11. Commitment to get something done.
12. _____ is the main reason why people want to become entrepreneurs
13. How much did JK Rowling earn in 2019?
14. Which is the best short-term option to reach profitability?
15. Anyone can be an entrepreneur and:
16. Which of the following of Maslow's needs must be satisfied first?
17. An entrepreneur should prepare a cash flow statement
18. Entrepreneurs believed that the success or failure of a new business venture depends primarily on:
19. Entrepreneurs must make decisions and solve problems every day.
20. Entrepreneurs must be willing to risk the chance of failure in order to be successful. What important characteristic of entrepreneurs is this?
21. Who is the person that organizes and operates a business, takes risk?
22. Read the song lyric below. "I went to school, got good grades, could behave when I wanted/ But I had demons deep inside that would raise when confronted. "What is the meaning of "demons" as Jay Z uses in the quote above?
23. Competency involves (a), (b), (c), (d)
24. A balance sheet includes
25. Which of the following represents cognitive skills?
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