This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 14 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Getting people together to accomplish goals and objectives using available resources. A) Entrepreneurship. B) Leadership. C) Management. D) Franchising. Show Answer Correct Answer: C) Management. 2. When was the Model-T car introduced? A) 2001. B) 1999. C) 1896. D) 1908. Show Answer Correct Answer: D) 1908. 3. A business that lowers the amount of risk that the one owner faces in the event that another owner shows negligence. A) Limited Liability Corporation. B) Partnership. C) Corporation. D) Sole Proprietorship. Show Answer Correct Answer: A) Limited Liability Corporation. 4. The ability to get along with others, to inspire, cooperation, confidence, and loyalty. A) Communication Skills. B) Concentration. C) Human Relation Skills. D) Technical Ability. Show Answer Correct Answer: C) Human Relation Skills. 5. An entrepreneur's heart is determined to break through any obstacle. A) Passionate. B) Success-oriented. C) Ime conscious. D) Ability to organize resources. Show Answer Correct Answer: A) Passionate. 6. Which of these is NOT a skill of an entrepreneur? A) Sleeping. B) Organisation. C) Interpersonal Skills. D) Creativity. Show Answer Correct Answer: A) Sleeping. 7. ..... entrepreneur mobilise the resources of various types and create an entity to manufacture the products or service . A) Fabian. B) Drone. C) Business. D) Industrial. Show Answer Correct Answer: D) Industrial. 8. Facebook founder worth over $ 47 billion and takes a salary of only $ 1? A) Mark Zuckerberg. B) Donald Trump. C) James Packer. D) Jennifer Lopez. Show Answer Correct Answer: A) Mark Zuckerberg. 9. Above all, ..... entrepreneurs want tomake their owndecisions. A) Person. B) Dog. C) Smart. D) Independent. Show Answer Correct Answer: D) Independent. 10. Writing, speaking, and listening skills A) Basic Business. B) Communication. C) Human Relations. D) Math. Show Answer Correct Answer: B) Communication. 11. The Malaysian government has been encouraging and supporting entrepreneurial development through various strategies EXCEPT A) The National Development Policy (1990-2000). B) The New Economic Policy (1971-1990). C) The Family Planning Policy. D) Vision 2020. Show Answer Correct Answer: C) The Family Planning Policy. 12. Entrepreneurs must develop writing, speaking, and listening skills A) Math Skills. B) Human Relation Skills. C) Problem Solving/Decision Making. D) Communication Skills. Show Answer Correct Answer: D) Communication Skills. 13. These are basically about the relationship and interaction of the entrepreneur with the workers, suppliers, creditors and other members of the business community. A) Mutual understanding. B) Cognitive skills. C) Interpersonal skills. D) Negotiating skills. Show Answer Correct Answer: C) Interpersonal skills. 14. What skills is described as-not giving up and continuously trying? A) Self-Confident. B) Responsible. C) Motivated. D) Persistant. Show Answer Correct Answer: D) Persistant. 15. Keeping all the profit is a reward for setting up your own business. How is this calculated? A) Sales-Profit. B) Total Revenue-Total Costs. C) Total Revenue-Wages. D) Gross Profit/Sales. Show Answer Correct Answer: B) Total Revenue-Total Costs. 16. Why do we need Entrepreneurship? A) Create new businesses and raise taxes. B) To make people happy. C) To take down big box stores. D) Create social change and community development. Show Answer Correct Answer: D) Create social change and community development. 17. Any person who can create something new or something different has already acquired a competitive advantage. A) Businessman. B) Entrepreneur. C) Entrepreneurship. D) Business. Show Answer Correct Answer: B) Entrepreneur. 18. Entrepreneurs create ..... for themselves and others. A) Wealth. B) Risk. C) Plans. D) None of these. Show Answer Correct Answer: A) Wealth. 19. Select the following that are skills: A) Communication Skills, People skills. B) Business skills Communication Skills People skills. C) Determination Skills. D) Business skills. Show Answer Correct Answer: B) Business skills Communication Skills People skills. 20. The ..... isa brief account of thekey points contained in abusiness plan. A) ExecutiveSummary. B) Dog. C) Person. D) Bird. Show Answer Correct Answer: A) ExecutiveSummary. 21. This is an important reason or incentive that entrepreneurs have for starting their own businesses. A) The ability to pay cheaper taxes. B) Government regulations. C) The profit motive. D) The competition. Show Answer Correct Answer: C) The profit motive. 22. Which component of a business plan is brief description of the key points of each section of the business plan? A) Executive Summary. B) Management Team plan. C) Product/Service plan. D) Industry/Market Analysis. Show Answer Correct Answer: A) Executive Summary. 23. Which of the following entrepreneur is simply imitates existing skill, knowledge or technology already in places in advanced countries? A) Drone entrepreneur. B) Imitative entrepreneur. C) Innovative entrepreneur. D) Fabian entrepreneur. Show Answer Correct Answer: B) Imitative entrepreneur. 24. Entrepreneurship is basically aimed to gear someone towards SELF-EMPLOYMENT. Entrepreneurship, generally pertains to engaging in small and medium-sized business. A) Entrepreneurship as a self-employment decision. B) Entrepreneurship. C) Entrepreneur. D) None of above. Show Answer Correct Answer: A) Entrepreneurship as a self-employment decision. 25. ..... are self made entrepreneur . A) First generation entrepreneurs. B) Modern entrepreneurs. C) Motivated entrepreneurs. D) None of these. Show Answer Correct Answer: A) First generation entrepreneurs. 26. This is a temporary partnership created for a single project or purpose. A) Limited Partnership. B) Industrial Partnership. C) General Partnership. D) Joint Venture. Show Answer Correct Answer: D) Joint Venture. 27. Even though there is a significant chance that his business will fail, Sidney intends to open a sports memorabilia shop. What entrepreneurial trait is Sidney exhibiting? A) Open-mindedness. B) Organization. C) Creativity. D) Willingness to take risks. Show Answer Correct Answer: D) Willingness to take risks. 28. Entrepreneurs work until the job is done. A) Persistent. B) Inquisitive. C) Self Confident. D) Creative. Show Answer Correct Answer: A) Persistent. 29. Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step? A) Get a mentor. B) Estimate the target market. C) Immediately put down a deposit for a storefront property. D) Create a business pitch. Show Answer Correct Answer: C) Immediately put down a deposit for a storefront property. 30. Entrepreneurs see their business as open systems affecting and affected by what is going on in its environment. A) Networker. B) Resourceful. C) Mindful of changes in the environment. D) Finds opportunity in crisis. Show Answer Correct Answer: C) Mindful of changes in the environment. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEconomics QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books