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Entrepreneurs Quiz 12 (25 MCQs)

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1. An individual who is in the process of starting a new venture for the first time is described as a:
2. Small businesses have a positive effect on the local community because they:
3. The US economic system is based on all of the following except
4. This trait means leaving everything to chance or "letting the circumstances take care of itself" .
5. This is someone who takes the initiative to start and operate a new business.
6. Entrepreneurs aim continuous improvement, thus turning something good into something better, and something better into something best in the market.
7. When private entrepreneurs purchase the rights to open and run a location of a larger company.
8. Home-based businesses are attractive to many people because the businesses generally.
9. This percentage of all small business startups fail
10. _____ may be engaged in domestic and international trade
11. Name one of the reasons people become entrepreneurs.
12. _____ get their income by way of commission and marketing
13. Which are characteristics of entrepreneurs? I innovative II think inside the box III intuitive IV button down thinkers
14. Who started McDonalds?
15. It refers to the setting of goals and objectives.
16. Who founded Starbucks?
17. A disadvantage of entrepreneurship is that entrepreneurs
18. What % of jobs are created by small businesses?
19. What kind of business opportunity is started from a scratch?
20. _____ are focused on the goals of their business.
21. What percentage of new jobs were created by businesses.
22. This entrepreneur is the CEO and product architect of Tesla, Inc.
23. Which of the following is central to the concept of entrepreneurship?
24. This is any form of paid, non-personal communication that uses mass media to deliver the entrepreneur's message to an audience.
25. These people don't stop and watch unless they are learning and comparing
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