Entrepreneurs Quiz 11 (25 MCQs)

Quiz Instructions:

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1. While not reckless, _____ entrepreneurs takerisks.

2. Two key factors that aid an entrepreneur's commitment to a business are

3. Which of the following entrepreneur who restrict themselves to buying selling and finished goods

4. Who started Microsoft?

5. An entrepreneur who puts technology at the core of his or her business model.

6. Which of the following is an example of a market segment?

7. This is any non-paid communication about a product, service, company, or cause.

8. This is the process through which goods and services are created and provided to the customer:

9. Who founded Hallmark?

10. Who was the creator of Mickey Mouse?

11. When you make an economic choice, the value of the next best alternative is called:

12. The things that you must have in order to survive are called:

13. This is the effort to reach consumers by generating positive publicity.

14. What does total revenue minus total expenses indicate?

15. They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.

16. The process of recognizing an opportunity, testing the marked place, and gathering resources to start a business is:

17. Monitoring and controlling expenses/budgets are responsibilities of

18. These are all characteristics of a entrepreneur, except

19. Common reasons for entrepreneurial failure include all but which one of the following?

20. An individual's need or desire for a product or service at a given price is called:

21. Managers support problem solving and

22. Which type of business is typically traded on a stock exchange?

23. In a perfect competition, goods are

24. A business owned by people who purchase stock in the company. These businesses are granted a charter by the state in which they are formed.

25. This a process that requires hard work, perseverance, and the willingness to assume some degree of risk.