This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 4 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This is the founder of Microsoft !!! A) Bill Gates. B) John D Rockefeller. C) Jeff Bezos. D) None of above. Show Answer Correct Answer: A) Bill Gates. 2. Who founded Kentucky Fried Chicken? A) Collin Sample. B) Calvin Schultz. C) Kennedy Kentucky. D) Colonel Sanders. Show Answer Correct Answer: D) Colonel Sanders. 3. ..... entrepreneur supply services unlike A) Banking. B) Livestock. C) Hoteliers. D) Airlines. Show Answer Correct Answer: B) Livestock. 4. Media mogul, talk show host, actress, producer, and philanthropist. Likely the only female African-American billionaire in America! A) Antonia Kidman. B) Kim Kardashian. C) Oprah Winfrey. D) Ellen. Show Answer Correct Answer: C) Oprah Winfrey. 5. Business opportunities could include A) Franchises, family business & hobbies. B) Hobbies, interests, & making money. C) Family business, interests, & trends. D) Franchises, games, & solutions. Show Answer Correct Answer: A) Franchises, family business & hobbies. 6. Barriers to entry in an oligopoly are: A) Low. B) Very high. C) Very low. D) High. Show Answer Correct Answer: D) High. 7. Bankers say that most business fail because ..... inability to plan properly. A) Marketers. B) Consultants. C) Investors. D) Entrepreneurs. Show Answer Correct Answer: D) Entrepreneurs. 8. These relate to the knowledge and proficiency in a specialized field like computer technology, accounting and marketing. A) Technical skills. B) Cognitive skills. C) Interpersonal skills. D) None of above. Show Answer Correct Answer: A) Technical skills. 9. What are successful entrepreneurs willing to do? A) Hurt people. B) Get a loan. C) Play it safe. D) Take risks. Show Answer Correct Answer: D) Take risks. 10. A person doing medical billing from their den is an example of a/an A) Franchise. B) Corporate freelance business. C) Home-based business. D) Internet-based business. Show Answer Correct Answer: C) Home-based business. 11. The process of starting a new business A) Internship. B) Apprenticeship. C) Job. D) Entrepreneurship. Show Answer Correct Answer: D) Entrepreneurship. 12. Which of the following is a KEY characteristic for a successful entrepreneur A) Ability to work hard. B) Access to personal money. C) Technical skills. D) Eye for an opportunity. Show Answer Correct Answer: D) Eye for an opportunity. 13. The individual who started Apple. A) Bill Gates. B) Dave Thomas. C) Ray Kroc. D) Steve Jobs. Show Answer Correct Answer: D) Steve Jobs. 14. It is the competition that energizes entrepreneurs A) Goal-oriented. B) Hardworking. C) Excited to compete. D) Ack of all trades. Show Answer Correct Answer: C) Excited to compete. 15. It is the difference between entrepreneurship and perceptions of luck and gambling. A) Bodily takes calculated risk. B) Creative and innovative. C) Demands quality results. D) Finds opportunity in crisis. Show Answer Correct Answer: A) Bodily takes calculated risk. 16. Which function of business creates or obtains products or services for a business to sell? A) Production. B) Management. C) Competition. D) Promotion. Show Answer Correct Answer: A) Production. 17. Choose the type of entrepreneur that isn't based on function A) Classical. B) Drone. C) Innovative. D) Fabian. Show Answer Correct Answer: D) Fabian. 18. ..... entrepreneurs have natural inclination to start venture . A) Spontaneous. B) Modern. C) Motivated. D) Classical. Show Answer Correct Answer: A) Spontaneous. 19. Which of the following is NOT a method of generating a venture idea? A) Training. B) Brainstorming. C) Checklist. D) Notebook. Show Answer Correct Answer: A) Training. 20. Business entrepreneur is called A) Industrial entrepreneur. B) Trading entrepreneur. C) Agricultural entrepreneur. D) Solo entrepreneur. Show Answer Correct Answer: D) Solo entrepreneur. 21. Products you can see and touch are called: A) Services. B) Goods. C) Economic resources. D) Factors of production. Show Answer Correct Answer: B) Goods. 22. Writing a business plan can ensure that an entrepreneur ..... A) Figures out how to make her business work. B) Meets his target revenue goals. C) Achieves her expense projections. D) None of above. Show Answer Correct Answer: A) Figures out how to make her business work. 23. Entrepreneurs are curious and ask the right questions. A) Creative. B) Persistent. C) Self Confident. D) Inquisitive. Show Answer Correct Answer: D) Inquisitive. 24. What is confidence? A) Not being afraid of things going wrong. B) Thinking of new ideas which will be successful. C) Believing in yourself and that you will succeed. D) Thinking you are the best in everything. Show Answer Correct Answer: C) Believing in yourself and that you will succeed. 25. Rewards of Entrepreneurship A) Being your own Boss. B) Doing what you enjoy. C) Having the opportunity to be creative. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 26. An entrepreneur who is involved in technological changes in producing goods and services is called a A) A cyberpreneur. B) A technopreneur. C) A copreneur. D) An intrapreneur. Show Answer Correct Answer: B) A technopreneur. 27. What does a SWOT analysis evaluate? A) Symptoms, Weaknesses, Opportunities, Threats. B) Strengths, Weaknesses, Opportunities, Targets. C) Strengths, Weaknesses, Opposition, Threats. D) A. Strengths, Weaknesses, Opportunities, Threats. Show Answer Correct Answer: D) A. Strengths, Weaknesses, Opportunities, Threats. 28. The importance of information and communication technology (ICT) to entrepreneurs is to ..... A) Immediately get a customer to buy their product. B) Attract very few customers. C) Maximized management costs. D) Enable the company to be visited without time restrictions. Show Answer Correct Answer: C) Maximized management costs. 29. They are very practical, and their decisions and actions are grounded. While they perceived to be outsmarting others, they are in fact simply determined to get what they want and to win. A) Xtremely Smart. B) Zealously Energetic. C) Yearning to learn. D) Winning Attitude. Show Answer Correct Answer: A) Xtremely Smart. 30. Entrepreneurs are not limited by work hours and work locations. Aside from being ....., entrepreneurs also work smart. A) Hardworking. B) Passionate. C) Creative and Innovative. D) Resourceful. Show Answer Correct Answer: A) Hardworking. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEconomics QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books