This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Gopal tooth powder is an example of A) Drone entrepreneur. B) Corporate entrepreneur. C) Retail entrepreneur. D) Fabian entrepreneur. Show Answer Correct Answer: A) Drone entrepreneur. 2. The percentage of businesses in the United States that employ fewer than 20 people is? A) 45%. B) 9%. C) 89%. D) 80%. Show Answer Correct Answer: C) 89%. 3. Identify the celebrity investor who has made millions by investing in start up companies like Uber and Air BnB A) Beyonce. B) Justin Timberlake. C) George Clooney. D) Ashton Kutcher. Show Answer Correct Answer: D) Ashton Kutcher. 4. Which of the following is NOT a function of an entrepreneur? A) Risk taking. B) Skills management. C) Make no changes with his product. D) Conduct research. Show Answer Correct Answer: C) Make no changes with his product. 5. An entrepreneur must be.. A) Organized. B) Disorganized. C) Lazy. D) None of above. Show Answer Correct Answer: A) Organized. 6. Is a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. A) Entrepreneur. B) Investors. C) Self-employed. D) Manager. Show Answer Correct Answer: A) Entrepreneur. 7. Which kind of business opportunity is like buying a business kit? A) Starting a new business from scratch. B) Buying a franchise. C) Buying an existing business. D) None of above. Show Answer Correct Answer: B) Buying a franchise. 8. Entrepreneurs develop a plan of action and must make decisions to help achieve that plan. A) Independent. B) Goal-Oriented. C) Self-Confident. D) Risk-Takers. Show Answer Correct Answer: B) Goal-Oriented. 9. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? A) Judge Each Idea as Realistic or Not. B) Draw Idea Maps. C) Think Backward. D) None of above. Show Answer Correct Answer: A) Judge Each Idea as Realistic or Not. 10. Entrepreneurs always value time as their most importance resource, so they never waste it. A) Risk Taker. B) Time-conscious. C) Resourceful. D) Business Planner. Show Answer Correct Answer: B) Time-conscious. 11. The characteristics of entrepreneurship is/are ..... A) Desire for responsibility. B) Future orientation. C) Desire for immediate feedback. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. This media includes magazines and newspapers: A) Broadcast. B) Outdoor. C) Print. D) Direct Mail. Show Answer Correct Answer: C) Print. 13. How do you spell the Name of this class? A) Entreprenuership. B) Entrepreneurship. C) Entreprenership. D) Enterpreneurship. Show Answer Correct Answer: B) Entrepreneurship. 14. Which of the following motivates entrepreneurs to accept the risk of failure? A) The ability to earn a degree. B) The ability to earn materials. C) The ability to earn a profit. D) The ability to express creativity. Show Answer Correct Answer: C) The ability to earn a profit. 15. A person who organizes, manages and assumes the risk of starting a business a called ..... A) A purchasing agent. B) A change. C) A facilitator. D) An entrepreneur. Show Answer Correct Answer: D) An entrepreneur. 16. Entrepreneurs do not divert their attention away from what they wanted to do. A) Undivided focus. B) Success-oriented. C) Hardworking. D) Visionary. Show Answer Correct Answer: A) Undivided focus. 17. Creative destruction is the process whereby products, processes, ideas and businesses are replaced with better ones." Which of the following theorists made this proposition? A) Jean Baptiste Say. B) Richard Cantillon. C) Peter Drucker. D) Joseph Schumpeter. Show Answer Correct Answer: D) Joseph Schumpeter. 18. Who is the father of aviation in Georgia? The Atlanta airport carries his name? A) Ivan Allen Jr. B) William Hartsfield. C) Eugene Talmadge. D) Ellis Arnall. Show Answer Correct Answer: B) William Hartsfield. 19. Entrepreneur from the business families are called A) Classical entrepreneur. B) Urban entrepreneur. C) State entrepreneur. D) Joint entrepreneur. Show Answer Correct Answer: A) Classical entrepreneur. 20. ..... engage in business as a matter of routine . A) First generation entrepreneur. B) Public entrepreneur. C) Classical entrepreneur. D) Private entrepreneur. Show Answer Correct Answer: C) Classical entrepreneur. 21. The combination of the four basic marketing decisions-product, place, price, and promotion: A) Marketing mix. B) Demographics. C) Target marketing. D) Marketing concept. Show Answer Correct Answer: A) Marketing mix. 22. Why is becoming an Entrepreneur exciting? A) 1.Freedom to work and pursue an opportunity or purpose the entrepreneur believes in. B) 2. Satisfaction of being own boss. C) 3. Power to do things as he likes. D) 4. Frustration due to availability of limited capital and other resources. Show Answer Correct Answer: A) 1.Freedom to work and pursue an opportunity or purpose the entrepreneur believes in. 23. Identifying the target market for a product allows an entrepreneur to ..... A) Worry less about the future of their business. B) Develop plans for expanding their business. C) Market the product to specific people. D) Better budget their time and money. Show Answer Correct Answer: C) Market the product to specific people. 24. How/where a product will be distributed A) Promotion. B) Product. C) Price. D) Place. Show Answer Correct Answer: D) Place. 25. A method of analyzing a competitor's cost of a product. A) Price Comparison. B) Organizational Structure. C) Startup Costs. D) Pricing. Show Answer Correct Answer: A) Price Comparison. 26. An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business A) Habitual entrepreneur. B) Portfolio entrepreneur. C) Serial entrepreneur. D) Novice entrepreneur. Show Answer Correct Answer: D) Novice entrepreneur. 27. Which is more important when doing planning for your business? A) Short-term planning. B) Long-term planning. C) Both short and long-term planning. D) Neither short nor long-term planning. Show Answer Correct Answer: C) Both short and long-term planning. 28. A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride A) Bahala Na System. B) Ningas Kugon. C) Balimbing. D) Amor Propio. Show Answer Correct Answer: D) Amor Propio. 29. Entrepreneurial mindset has the key features as A) 1. Maximize the importance of failure and rejection in their life. B) 2. Feel dejected when things are difficult. C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. D) 4. Leading a stressful life. Show Answer Correct Answer: C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. 30. Blockbusters failed to address the threat of Netflix as they had no digital content available online. Why did this happen? A) Failure to plan/Lack of strategy. B) Failed to satisfy the needs of customers. C) Both answers are correct. D) None of above. Show Answer Correct Answer: C) Both answers are correct. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEconomics QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books