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Entrepreneurs Quiz 2 (25 MCQs)

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1. The reasons customers choose to buy
2. The chance of danger or loss
3. What became a model for the manufacturing of American cars and consumer products?
4. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs want to make their own decisions, set their own schedules, and can work without supervision?
5. "If at first you do not succeed, try and try again." This statement best describes which characteristic of successful entrepreneurs?
6. The desire to be your own boss.
7. If someone demands something, they must be able to
8. Entrepreneurs develop a plan of action.
9. _____ are supposed to be bold, optimistic and enterprising persons.
10. The possible handicap(s) to start up a business is/are _____
11. It is essential that entrepreneurs be able to get along with others and enjoy meeting and talking to people.
12. A business plan should be _____ to convey critical information to potential investors.
13. Which of the following is not a reward of running your own business?
14. It refers to the attribute that distinguishes an entrepreneur from the owner of an ordinary small business.
15. In this economic system, also known as capitalism or a free market economy, people have the freedom to own property, buy products, and they can choose to start their own businesses.
16. Despite long hours andhard work, a _____ entrepreneur will workuntil the job is done, nomatter how long it takes.
17. Only _____ entrepreneurs believe in themselves.
18. This entrepreneur started working at library, he is widely considered the wealthiest American of all time.
19. Which of the following is a reward of entrepreneurship?
20. What is NOT a benefit of being an entrepreneur?
21. How can a business get involved in its community?
22. In an income statement, subtracting the cost of goods sold from the net sales provides the
23. Which agency helps small business owners?
24. Your company decided to produce and stock 100, 000 of their newest product. Sales are not moving as quickly as you thought and the merchandise just taking up space in the warehouse. This is an example of
25. Entrepreneurs must have a basic understanding of how the economy works and of the fundamental concepts of finance, marketing, and management
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