Entrepreneurs Quiz 14 (25 MCQs)

Quiz Instructions:

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1. The amount owed by a business to its suppliers for credit purchases is called

2. The person who has sole ownership of a business.

3. Ingvar Kamprad started what company when he was 17?

4. The _____ part of the business planprovides a description ofthe product or serviceoffered.

5. Colonel Sander's secret chicken recipe was rejected how many times before it was accepted by a restaurant and formed KFC?

6. Which of the following is an example of a written business inquiry:

7. A _____ is awritten document thatdescribes all of thesteps necessary to openand operate a successfulbusiness.

8. Projected financialinformation is containedin the _____ partof the business plan.

9. Where the supply curve and the demand curve intersect.

10. The most important characteristic of a successful business website is

11. Example of financial support agencies for entrepreneur in Malaysia as follow, EXCEPT

12. Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals.

13. The advantage of partnership compared to company is

14. The importance of information and communication technology (ICT) to entrepreneurs is to:

15. Which is the cost of goods or services used to operate a business?

16. Which of these is not a way for entrepreneurs to get into business?

17. When writing a letter of inquiry, when should you identify the purpose of your letter?

18. Bigger risks can mean

19. Governments can encourage entrepreneurial development by

20. Which of these is NOT a benefit of buying an existing business?

21. A calendar year is

22. They genuinely love their work.

23. You should seek the advice of a trained professional to

24. This involves producing something new while _____ means putting into use that new creation.

25. A good example of an entrepreneur is?