Entrepreneurs Quiz 21 (25 MCQs)

Quiz Instructions:

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1. What is the money remaining from business income after paying all expenses called?

2. Who are the people who buy a good or service?

3. Entrepreneurs are constantly looking for new ways to solve problems.

4. The profit motive is

5. A person who organizes and operates a business who takes a calculated financial risk in order to do so.

6. Which is NOT a business expense entrepreneurs face when starting a business?

7. Challenges of Entrepreneurship

8. A _____ _____ is a risk of business as it can lead to less customers, which means less income and profit.

9. Which title best represents the concept of entrepreneurism?

10. The POLICITCAL factor that impacts entrepreneurship can include all of the following except:

11. Refers to cash flow that varies according to the time of year

12. Starting and owning a person's own business

13. The economics of one unit is a calculation of

14. Environmental protection and the shift towards healthier lifestyles are examples of

15. The individual who started McDonald's.

16. Mark Zuckerberg was 22 years old when he created

17. Who founded The Body Shop?

18. French designer and costume maker, instrumental in defining feminine style and dress during the 20th Century.

19. Which of the following challenges poses a business risk to entrepreneurs who want to conduct international trade?

20. Who founded Hershey?

21. Business entity that blends elements of partnership and corporate structures.

22. Presenting yourself well in the way you dress, communicate, and represent your business is known as:

23. What is the LAST step to be taken by an entrepreneur in selecting a business opportunity?

24. Entrepreneurs often start their business while working for another company, this allows them:

25. Basic knowledge of record keeping and the ability to make profit and other calculations.