This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Process of examining the advantages and disadvantages of each available choice and then making a decision. A) Cause and effect. B) Cost/benefit analysis. C) Marketing plan. D) Correlation analysis. Show Answer Correct Answer: B) Cost/benefit analysis. 2. These are entrepreneurs who are to follow the path shown by innovative entrepreneur. A) Drone. B) Imitating. C) Innovative. D) Fabian. Show Answer Correct Answer: B) Imitating. 3. Electronic advertisement that you pay other companies or organizations to embed on their websites. A) Web banner. B) Webmail. C) Social media. D) None of above. Show Answer Correct Answer: A) Web banner. 4. The mental and physical drive to succeed, to accomplish chosen tasks on your own terms. A) Motivation. B) Confidence. C) Communication Skills. D) Technical Ability. Show Answer Correct Answer: A) Motivation. 5. Hiring someone to wear a Statue of Liberty costume to stand on a busy street corner to promote the entrepreneur's new business is an example of: A) Product seeding. B) Viral marketing. C) Guerrilla marketing. D) Social media marketing. Show Answer Correct Answer: C) Guerrilla marketing. 6. Business entity that is easy to start and has a single owner. A) Corporation. B) Proprietorship. C) Limited liability company. D) Partnership. Show Answer Correct Answer: B) Proprietorship. 7. Who started Dairy Queen? A) Sherwin Williams. B) Sherwood Knight. C) Sherwood Noble. D) Sherwood Forest. Show Answer Correct Answer: C) Sherwood Noble. 8. Setting and achievinggoals is a characteristicof a ..... entrepreneur. A) Independent. B) Risk-taking. C) Responsible. D) Goal-oriented. Show Answer Correct Answer: D) Goal-oriented. 9. Which of the following is not a current liability? A) Collected state sales taxes. B) Mortgage. C) Bank loan. D) Accounts payable. Show Answer Correct Answer: A) Collected state sales taxes. 10. Pick the odd one out A) Drone. B) Recruitment. C) Fabian. D) Imitative. Show Answer Correct Answer: B) Recruitment. 11. Belief in oneself and one's own abilities with an expectation to be successful. A) Creativity. B) Grit. C) Perseverance. D) Self-Confidence. Show Answer Correct Answer: D) Self-Confidence. 12. Which television show is NOT about Entrepreneurs? A) The Apprentice. B) Business Builder. C) Shark Tank. D) Dragons Den. Show Answer Correct Answer: B) Business Builder. 13. This advertising media includes outside signs, billboards, messages on buildings, signs on buses or taxies, or benches. A) Broadcast. B) Print. C) Outdoor. D) Direct Mail. Show Answer Correct Answer: C) Outdoor. 14. What is a trend that affects the growth of entrepreneurial ventures? A) A rise in consumers' desire for slow-response times. B) The shift to an agricultural-based society. C) A higher demand for more convenience products. D) The reduced need for health care and related services. Show Answer Correct Answer: C) A higher demand for more convenience products. 15. The roles an entrepreneur may do when starting their business A) Accounting. B) Marketing. C) Web Designer. D) All of them. Show Answer Correct Answer: D) All of them. 16. "Sticking" it out through distractions to get the job done. A) Human-Relation Skills. B) Motivation. C) Self-Discipline. D) Concentration. Show Answer Correct Answer: D) Concentration. 17. Computer skills are essential in almost every business. A) Technical Skills. B) Basic Business Skills. C) Communication Skills. D) Math Skills. Show Answer Correct Answer: A) Technical Skills. 18. The means through which good and services are produced are called: A) Economic benefits. B) Economic needs. C) Economic resources. D) Economic wants. Show Answer Correct Answer: C) Economic resources. 19. A business that performs tasks for customers. A) Corporation. B) Franchise. C) Retail business. D) Service business. Show Answer Correct Answer: D) Service business. 20. Which is NOT a common characteristic of an entrepreneur? A) Organized. B) Risk taker. C) Irresponsible. D) Creative. Show Answer Correct Answer: C) Irresponsible. 21. Which characteristic of entrepreneurs allows you to find new ways to solve financial or operational problems? A) Creative. B) Determination. C) Self-Confident. D) Independent. Show Answer Correct Answer: A) Creative. 22. A person who is associated with starting a business is know as A) Businessman. B) Entrepreneur. C) Merchant. D) Salesman. Show Answer Correct Answer: B) Entrepreneur. 23. It is a personality factor which means "doing things even before being told." A) Proactive. B) Perseverance. C) Persuasion. D) Initiative. Show Answer Correct Answer: D) Initiative. 24. A small business has fewer than ..... employees. A) 500. B) 10. C) 100. D) 50. Show Answer Correct Answer: A) 500. 25. Who founded Nike? A) David filo. B) Phil Knight. C) Calvin Nike. D) Mike Lauder. Show Answer Correct Answer: B) Phil Knight. 26. The ..... part of the business planprovides direction andguiding principles for thebusiness. A) Vision andMission Statement. B) Dog. C) Boat. D) Statement. Show Answer Correct Answer: A) Vision andMission Statement. 27. Who lends money in order to earn money? A) Employees. B) Entrepreneurs. C) Consumers. D) Investors. Show Answer Correct Answer: D) Investors. 28. How much did Lionel Messi earn in 2019? A) $ 1.6 million. B) $ 165 million. C) $ 127 million. D) $ 31.6 million. Show Answer Correct Answer: B) $ 165 million. 29. This refers to the quantity of a product consumers are willing and able to purchase at a given price A) Industrialization. B) Competition. C) Supply. D) Demand. Show Answer Correct Answer: D) Demand. 30. Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements. A) Technical Skills. B) Math Skills. C) Human Relations Skills. D) Communication Skills. Show Answer Correct Answer: B) Math Skills. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEconomics QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books