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Entrepreneurs Quiz 4 (25 MCQs)

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1. This is an excellent way for the entrepreneur to find customers. Business representatives attending these are usually the decision-makers for the businesses they represent.
2. In the early stages of a start-up business, entrepreneurs assume sole responsibility for
3. Who founded Barbie?
4. To combine ideas with others to produce or create something
5. The rate at which a company spends cash to cover overhead costs without generating a positive cash flow
6. The _____ is the part of thebusiness plan thatdiscusses the productionand delivery of theproduct or service.
7. Aptitude is the ability to
8. Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision.
9. This is the founder of Microsoft !!!
10. Who founded Kentucky Fried Chicken?
11. _____ entrepreneur supply services unlike
12. Media mogul, talk show host, actress, producer, and philanthropist. Likely the only female African-American billionaire in America!
13. Business opportunities could include
14. Barriers to entry in an oligopoly are:
15. Bankers say that most business fail because _____ inability to plan properly.
16. These relate to the knowledge and proficiency in a specialized field like computer technology, accounting and marketing.
17. What are successful entrepreneurs willing to do?
18. A person doing medical billing from their den is an example of a/an
19. The process of starting a new business
20. Which of the following is a KEY characteristic for a successful entrepreneur
21. The individual who started Apple.
22. It is the competition that energizes entrepreneurs
23. It is the difference between entrepreneurship and perceptions of luck and gambling.
24. Which function of business creates or obtains products or services for a business to sell?
25. Choose the type of entrepreneur that isn't based on function
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