This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 15 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Suggestion selling A) Should only be attempted when salespeople have time. B) Hurts a firm because of increased sales-related expenses. C) Means loading customers down with unwanted goods or expenses. D) Makes the original purchase more enjoyable. Show Answer Correct Answer: D) Makes the original purchase more enjoyable. 2. ..... entrepreneur are said to be conservatives and sceptical about plasticising any change in their organization A) Imitative. B) Drone. C) Innovative. D) Fabian. Show Answer Correct Answer: D) Fabian. 3. Taylor Swift was the highest earning celebrity of 2019, how much did she earn in that year alone? A) $ 185 million. B) $ 1.6 million. C) $ 11.6 million. D) $ 187 million. Show Answer Correct Answer: A) $ 185 million. 4. This is a business owned and managed by one person. A) Partnership. B) Limited Liability Cooperative. C) Corporation. D) Proprietorship. Show Answer Correct Answer: D) Proprietorship. 5. Which of the following is NOT true about an entrepreneur? A) An entrepreneur is responsible for the success of their business. B) An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him. C) An entrepreneur gets to act as his own boss. D) None of above. Show Answer Correct Answer: B) An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him. 6. Amazon's ability to increase market share was largely due to A) A lower price. B) A higher price. C) The ability to deliver on time almost everytime. D) Both A and C. Show Answer Correct Answer: D) Both A and C. 7. Leaders work in the system. A) True. B) False. C) I don't know. D) None of above. Show Answer Correct Answer: B) False. 8. This media includes television and radio, meaning that a signal is transmitted: A) Print. B) Outdoor. C) Direct Mail. D) Broadcast. Show Answer Correct Answer: D) Broadcast. 9. A business owned by two or more people. A) Entrepreneurship. B) Sole proprietorship. C) Partnership. D) Corporation. Show Answer Correct Answer: C) Partnership. 10. Creator of the famous Model T Ford. A) Henry Ford. B) Walter Chrysler. C) Harrison Ford. D) Enzo Ferrari. Show Answer Correct Answer: A) Henry Ford. 11. A legal document that specifies the responsibilities and financial relationships of business partners. A) Charter. B) Partnership Agreement. C) Articles of Incorporation. D) Licensing Agreement. Show Answer Correct Answer: B) Partnership Agreement. 12. The entrepreneur who lives on the labor of others is called? A) Fabian. B) Innovative. C) Imitating. D) Drone. Show Answer Correct Answer: A) Fabian. 13. Smart entrepreneurs should avoid problems by ensuring that everything they do is ..... A) Networker. B) Organized and and organizer. C) Legitimate. D) Networker. Show Answer Correct Answer: C) Legitimate. 14. A Start-Up Business is a: A) Newly established business. B) Two companies merging together. C) An old traditional company. D) None of above. Show Answer Correct Answer: A) Newly established business. 15. The definition of TRADE is ..... A) Importing goods. B) To buy or sell goods or services. C) Exporting goods. D) None of above. Show Answer Correct Answer: B) To buy or sell goods or services. 16. Which of the following is the fastest-growing type of advertising? It can be targeted and allows for instant feedback. A) Print Advertising. B) Broadcast Advertising. C) Online Advertising. D) Outdoor Advertising. Show Answer Correct Answer: C) Online Advertising. 17. Who is the founder of Microsoft? A) Bill Gates. B) Steve Jobs. C) Elle McPherson. D) Oprah Winfrey. Show Answer Correct Answer: A) Bill Gates. 18. ..... entrepreneur are those who are totally opposed to changes unfolding in the environment A) Fabian. B) Technical. C) Pure. D) Drone. Show Answer Correct Answer: D) Drone. 19. What is a market? A) Where you get your groceries. B) Where individuals buy things. C) A place where suppliers of and those who demand a certain product can make exchanges. D) Where individuals/companies supply products. Show Answer Correct Answer: C) A place where suppliers of and those who demand a certain product can make exchanges. 20. Before starting their business ventures, which of the following would entrepreneurs recognize first: A) Associations. B) Opportunity. C) Regulations. D) Liability. Show Answer Correct Answer: B) Opportunity. 21. Why do people want to become entrepreneurs? A) Make a guaranteed amount of money. B) To be their own boss and make decsions. C) To work longer hours. D) To show off how talented they are. Show Answer Correct Answer: B) To be their own boss and make decsions. 22. Choose the statement that is NOT suitable to the entrepreneurship concept ..... A) Entrepreneur distributes item. B) Entrepreneur tries to develop the business. C) Entrepreneur is the efficient in doing is doing his job. D) Entrepreneur always think of profit. Show Answer Correct Answer: D) Entrepreneur always think of profit. 23. Placing the right product in the right hands at the right time and providing information or samples to influential individuals. A) Social media marketing. B) Product seeding. C) Viral marketing. D) Guerrilla marketing. Show Answer Correct Answer: B) Product seeding. 24. Colonel Sander's secret chicken recipe was rejected how many times before it was accepted by a restaurant? A) 1009. B) 509. C) 9. D) 209. Show Answer Correct Answer: A) 1009. 25. Pick odd one out A) Interview. B) Industrial. C) Business. D) Trading. Show Answer Correct Answer: A) Interview. 26. How many steps are there in the entrepreneurial discovery process? A) 4. B) 5. C) 7. D) 6. Show Answer Correct Answer: A) 4. 27. A local economy is best described as A) The flow of goods and services within a community. B) The flow of goods and services in international trade. C) An economic system based on foreign exchange rates. D) An economic system dominated by non-profit organizations. Show Answer Correct Answer: A) The flow of goods and services within a community. 28. One of the defining traits of entrepreneurship is the ability to spot an opportunity and imagine something where others haven't. What is the name of this critical attribute? A) Creativity. B) View. C) Vision. D) Innovation. Show Answer Correct Answer: C) Vision. 29. A basic understanding of how the economy works and fundamental concepts of finance, marketing, and management. A) Math Skills. B) Basic Business Skills. C) Technical Skills. D) Communication Skills. Show Answer Correct Answer: B) Basic Business Skills. 30. Importing and exporting are activities primarily associated with A) Nonprofit organizations. B) The economics of one unit. C) The profit motives. D) The global economy. Show Answer Correct Answer: D) The global economy. ← 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