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Entrepreneurs Quiz 23 (25 MCQs)

Quiz Instructions:

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1. What could cause a new business to not be able to keep up with the demand for its new service?
2. Future expansion ofthe business should beincluded in the _____ part of thebusiness plan.
3. When the entrepreneur markets a new product that emphasizes how unique and special the product is and that other businesses have nothing like it:
4. _____ are not afraid to take risks.
5. This is the practice of displaying products from different categories together, in order to generate additional sales from both. Think about a display of mustard above a display of hot-dogs.
6. This is the rivalry among businesses for customers. It forces companies to operate efficiently while keeping prices down and quality up.
7. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs work until the job is done?
8. An advantage of entrepreneurship is that entrepreneurs
9. How much did Dwayne 'the rock' Johnson earn in 2019?
10. Entrepreneurs are primarily connected to
11. Owner's equity is calculated by
12. These are the resources used in the production
13. A person possesses managerial and decision-making skills needed to run a business enterprise
14. This characteristics helps entrepreneur to be the greatest entrepreneurs in times of crisis.
15. Many businesses use Facebook, Twitter, YouTube, or Instagram to communicate with customers. This is referred to as:
16. Who is the richest entrepreneur in the world?
17. Entrepreneurs must get along with others and enjoy meeting and talking to people.
18. What could cause a new business to have very few sales during its first year?
19. The assets invested in the production of goods and services are called:
20. A market economy is also called
21. What is NOT a skill of an entrepreneur?
22. What is the main difference between a personal characteristic and a skill?
23. The rate at which the business needs to spend cash to cover overhead costs before beginning to generate a positive cash flow is called the
24. Which of the following statements is most likely to have a negative effect on domestic small-business growth:
25. Who can be an entrepreneur?
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