This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 18 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Entrepreneurs should always be sharp, especially with regards to processes and other important areas of their business. A) Inquisitive when pursuing improvements. B) Resourceful. C) Organized and an organizer. D) Keen eye for detail. Show Answer Correct Answer: D) Keen eye for detail. 2. An entrepreneur who hops from one company to another to act as the innovation champion, providing creative and efficient solutions. A) Intrapreneur. B) Extrapreneur. C) Social entrepreneur. D) Technopreneur. Show Answer Correct Answer: B) Extrapreneur. 3. A nonprofit organization A) Is not allowed to make a profit. B) Must use any profit it earns to further its social mission. C) Can use profit any way it sees fit. D) Uses profit for the financial gain of its operators. Show Answer Correct Answer: B) Must use any profit it earns to further its social mission. 4. Involves dedicating yourself to something, like a person or a cause. A) COMMITMENT. B) CREATIVE. C) RISK TAKER. D) PASSION. Show Answer Correct Answer: A) COMMITMENT. 5. Which of the following is not a characteristic of a successful entrepreneur? A) Dependence. B) Determination. C) Creativity. D) Self-confidence. Show Answer Correct Answer: A) Dependence. 6. If an entrepreneuris ....., they areenergetic andpassionate about theirpursuits. A) Employee. B) Inquisitive. C) Entrepreneur. D) Enthusiastic,. Show Answer Correct Answer: D) Enthusiastic,. 7. Entrepreneurs look for challenging opportunities. They are not afraid to take risks. A) Risk-Takers. B) Responsible. C) Inquisitive. D) Goal-Oriented. Show Answer Correct Answer: A) Risk-Takers. 8. The ability to use imaginative skills to find unique ways to solve problems. A) Grit. B) Self-Confidence. C) Perseverance. D) Creativity. Show Answer Correct Answer: D) Creativity. 9. This entrepreneur sold trash bags at the age of 12, now he is a NBA team owner. A) Sergey Brin. B) Mark Cuban. C) Elon Musk. D) None of above. Show Answer Correct Answer: B) Mark Cuban. 10. ..... entrepreneurs make their own decisions and do something they enjoy. A) Aspiring. B) Independent. C) Happy. D) Social. Show Answer Correct Answer: B) Independent. 11. There are 4 types of entrepreneurship, which of the following is not one? A) Large Company Entrepreneurship. B) Small Business Entrepreneurship. C) Middle Operations Entrepreneurship. D) Scalable Startup Entrepreneurship. Show Answer Correct Answer: C) Middle Operations Entrepreneurship. 12. A reliable source of general business start-up information is A) Wikipedia (www.wikipedia.org/wiki/Entrepreneurship). B) The Project Management Institute (www.pmi.org). C) The Small Business Administration (www.sba.gov). D) The National Retail Federation (www.nrf.com). Show Answer Correct Answer: C) The Small Business Administration (www.sba.gov). 13. Who is this entrepreneur? A) Bill Gates. B) Steve Jobs. C) Richard Branson. D) Alan Sugar. Show Answer Correct Answer: A) Bill Gates. 14. Entrepreneurs create ..... for others by creating goods, services, and methods that others find useful A) Profits. B) Value. C) Incentives. D) Opportunities. Show Answer Correct Answer: B) Value. 15. Which of the following BEST describes an entrepreneur? A) Has a strong desire to achieve and is innovative. B) Recognizes opportunities but sacrifices them. C) Has the urge to keep a product in the existing market. D) Has a strong desire for money but does not go after it. Show Answer Correct Answer: A) Has a strong desire to achieve and is innovative. 16. A statement that includes a column showing the changes in percentages from the first period to the ending period is called a A) Competitive balance sheet. B) Same size balance sheet analysis. C) Comparative balance sheet. D) Balance sheet. Show Answer Correct Answer: B) Same size balance sheet analysis. 17. ..... takes initiative necessary to start an entity under corporate format . A) Retail entrepreneur. B) Agricultural entrepreneur. C) Corporate entrepreneur. D) All of these. Show Answer Correct Answer: C) Corporate entrepreneur. 18. Nursus coffee is an example of A) Drone entrepreneur. B) Innovative entrepreneur. C) Imitative entrepreneur. D) Fabian entrepreneur. Show Answer Correct Answer: D) Fabian entrepreneur. 19. Entrepreneurship came from the French word ..... ? A) "entreprende" meaning "to undertake". B) "enteprendre" meaning "to undertake". C) "entreprendre" meaning "to undertake". D) "entrependre" meaning "to undertake". Show Answer Correct Answer: C) "entreprendre" meaning "to undertake". 20. Entrepreneurs should be good ..... so that they can maximize opportunities to increase their business visbility. A) Networker. B) Resourceful. C) Legitimate. D) Hardworking. Show Answer Correct Answer: A) Networker. 21. A business that can legally act as a single person, even though many people may own it. A) Entrepreneurship. B) Partnership. C) Franchise. D) Corporation. Show Answer Correct Answer: D) Corporation. 22. What is the money remaining from business income after paying all expenses called? A) Profit. B) Luck. C) Expenses. D) Deficit. Show Answer Correct Answer: A) Profit. 23. Who are the people who buy a good or service? A) Manager. B) Entrepreneur. C) Employee. D) Consumer. Show Answer Correct Answer: D) Consumer. 24. Entrepreneurs are constantly looking for new ways to solve problems. A) Inquisitive. B) Creative. C) Responsible. D) Goal-Oriented. Show Answer Correct Answer: B) Creative. 25. The profit motive is A) The economics of one unit. B) A reason entrepreneurs take on business risks. C) Profit calculated as a percentage of expenses. D) The money left over after the expense are subtracted from sales. Show Answer Correct Answer: B) A reason entrepreneurs take on business risks. 26. A person who organizes and operates a business who takes a calculated financial risk in order to do so. A) Principal. B) Entrepreneur. C) Boss. D) Inventor. Show Answer Correct Answer: B) Entrepreneur. 27. Which is NOT a business expense entrepreneurs face when starting a business? A) Equipment cost. B) Rent. C) Payroll. D) Profit. Show Answer Correct Answer: D) Profit. 28. Challenges of Entrepreneurship A) Getting funds to start the business. B) Being fully responsible for the business. C) Income risk. D) D. All of the above. Show Answer Correct Answer: D) D. All of the above. 29. A ..... ..... is a risk of business as it can lead to less customers, which means less income and profit. A) Good reputation. B) Commercial risk. C) Change in house prices. D) Poor reputation. Show Answer Correct Answer: D) Poor reputation. 30. Which title best represents the concept of entrepreneurism? A) I Was Born this Way. B) There's No Stopping Me Now. C) I Could have been Somebody. D) To Dream the Impossible Dream. Show Answer Correct Answer: B) There's No Stopping Me Now. ← 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