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Entrepreneurs Quiz 13 (25 MCQs)

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1. The most likely reason an individual might turn a woodworking hobby into a business is because of
2. Entrepreneurs work until a job is done. They are determined to overcome problems.
3. In times of _____, political instability and economic difficulty consumers tend to save not spend.
4. Which of the following countries has the biggest number of start up companies?
5. What is the number 1 industry in Georgia?
6. This refers to the quantity of a product that producers are willing and able to produce at a given price.
7. Which characteristic of entrepreneurs states that they must be able to think, act and plan without a boss or team to lean on?
8. Who founded Lego?
9. A _____ entrepreneur will lookfor new ways to solve oldproblems.
10. The private ownership of resources by individuals rather than by the government is known as:
11. A merchandise shipment of laptops were destroyed in transit. This is an example of a(n)
12. The reward for enterprise is?
13. An entrepreneur never stops learning
14. Entrepreneurs often discover business start-up ideas by looking for gaps between what is currently being done and.
15. How much a product costs.
16. Profit is beneficial to entrepreneurs because
17. Any activity designed to create a favorable image of a business, its products, or its policies.
18. Which of the following entrepreneur starts his own venture as a family business?
19. _____ is the process of creating something new, which is central to the entrepreneurial process.
20. Who is currently the richest entrepreneur in the world?
21. Entrepreneurs believe in themselves.
22. You are running a business. During one month your total expenses are $ 5, 250 and your total revenues are $ 5, 750. Which statement best expresses how the business did?
23. The advantages of producing one additional unit of a good or service are measured by:
24. Who started GEICO?
25. This entrepreneur is the founder, CEO, and president of Amazon
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