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Entrepreneurs Quiz 22 (25 MCQs)

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1. In the innovation stage of the entrepreneurial process, what happens?
2. According to the textbook, entrepreneurs are _____
3. What is left after the business pays for everything it uses to provide goods and services.
4. Which trait does this refer to? "Entrepreneurs are _____ They create new goods and services by combining resources in new ways."
5. How do Entrepreneurs help the economy?
6. Which of the choices is NOT part of the environmental factors?
7. What does the owner of a miniature golf business provide her customers with? a) b) c)
8. The potential for profit offsets the _____ ?
9. Technological advancements have made it possible for some entrepreneurs to
10. This is any form of communication a business or organization uses to inform, persuade, or remind consumers about its products or services.
11. Who can develop entrepreneurial traits? Where do successful entrepreneurs generally come from?
12. The _____ section of the business plan should be written last.
13. Who started Puma & Adidas?
14. A _____ entrepreneur must know what they want for their business from the beginning, at present, and in the future
15. One who takes advantage of the country's social problems and turn them to profitable institutions with the intention of helping the disadvantaged community rather than making a profit.
16. SBA helps entrepreneurs by providing resources regarding business plans, loans, etc. SBA stands for
17. Of _____ fail in the first three years
18. A reward for running your own business is _____
19. Which of the following would NOT be a good place to go to get advice?
20. The individual who started Wendy's.
21. Faced with a problem, an _____ entrepreneur will research and ask questions to solve the problem.
22. This is the amount the customer will pay for the product. The value of money or its equivalent placed on a good or service.
23. Which of the following is a disadvantage of a partnership?
24. When entrepreneurs spot an opportunity to trade and make a difference to society?
25. Who started Disney?
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