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Entrepreneurs Quiz 24 (25 MCQs)

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1. How long did it take to make a Model T car without the Assembly Line?
2. Which of the following characteristics are essential when on the frontier of "uncharted waters" ?I tolerance of ambiguity II flexibility III innovative IV cautious
3. Entrepreneurs are curious about things that may affect their business. They are not afraid to ask questions or to conduct research in order to solve problems.
4. Who started Under Amour?
5. When an entrepreneur decides on a marketing strategy that emphasizes how inexpensive their product is when compared to other competing products:
6. What is a target customer?
7. Which component of a business plan presents all the processes involved in producing and delivering products and services to customers?
8. An estimate of the amount of money that an entity needs to begin a business.
9. _____ keep on conceiving new ideas to develop alternative projects
10. The individual who started Microsoft.
11. Personal characteristics of successful entrepreneurs include
12. Which of the following is NOT considered a risk of being an entrepreneur?
13. What is Innovation?
14. Being consistent in your actions, values, attitudes, principles, and methods
15. Shark Tank is a reality TV program that allows entrepreneurs to pitch their business ideas to a panel of venture capitalists. What is a venture capitalist?
16. The idea of returning the favor to those who have done good deeds.
17. Is a person that works forsomeone else.
18. What is the term that:allows for expansion and competition. Creates new demand and helps form niche markets?
19. A _____ is a document that thoroughly explains a business idea and how it will be carried out.
20. Deciding how much to charge for goods and services.
21. Even when times are tough for Caitlin's business venture, she tends to remain positive-she looks at the glassas half full rather than half empty. What characteristic of entrepreneurship is Caitlin exhibiting?
22. Who is a manager within a company that promotes innovative product development and marketing?
23. Which of the following is the activity of a business entrepreneur?
24. The currentcompetition is discussedin the _____ part of the businessplan.
25. Which of the following is NOT one of the five common myths about entrepreneurs?
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