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Entrepreneurs Quiz 17 (25 MCQs)

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1. Leaders work in the system.
2. This media includes television and radio, meaning that a signal is transmitted:
3. Creator of the famous Model T Ford.
4. A legal document that specifies the responsibilities and financial relationships of business partners.
5. The entrepreneur who lives on the labor of others is called?
6. Smart entrepreneurs should avoid problems by ensuring that everything they do is _____
7. A Start-Up Business is a:
8. Which of the following is the fastest-growing type of advertising? It can be targeted and allows for instant feedback.
9. Who is the founder of Microsoft?
10. _____ entrepreneur are those who are totally opposed to changes unfolding in the environment
11. Before starting their business ventures, which of the following would entrepreneurs recognize first:
12. Why do people want to become entrepreneurs?
13. Choose the statement that is NOT suitable to the entrepreneurship concept _____
14. Placing the right product in the right hands at the right time and providing information or samples to influential individuals.
15. Colonel Sander's secret chicken recipe was rejected how many times before it was accepted by a restaurant?
16. How many steps are there in the entrepreneurial discovery process?
17. A local economy is best described as
18. 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?
19. A basic understanding of how the economy works and fundamental concepts of finance, marketing, and management.
20. Importing and exporting are activities primarily associated with
21. They have a great picture in mind on what kind of future they want and have a great vision for their business. They already have predictions of possible outcomes.
22. Entrepreneurs look for challenging opportunities and are not afraid of the possibility of failure.
23. The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called _____
24. This is any form of communication the entrepreneur uses to inform, persuade, or remind consumers about its products or services.
25. Sam Walton's business was sucessful because he..
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