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Entrepreneurs Quiz 8 (30 MCQs)

Quiz Instructions

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1. Entrepreneurs do not listen to the negative people around them. They take the road less traveled, which makes them
2. To determine your suitability for entrepreneurship, you should assess your
3. Which of these people are examples of entrepreneurs?
4. Details on how acompany will make itscustomers aware of itsproducts and services iscontained in the ..... section ofthe business plan.
5. Which of the following is a retail business?
6. Poultry, flowers, fruits, etc are called allied products of ..... entrepreneur
7. Accounts payable is a
8. Which of the following is the best long-term strategy to reach profitability?
9. A business that is owned and operated by two or more people who share in the decision-making and profitability of the company.
10. If an entrepreneur decides to have a drawing to give away prizes and money to customers and no special skill is required in order to win a prize, this is best referred to as a:
11. What company did Bill Gates start?
12. This cluster includes a set of character trait that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community.
13. A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.
14. A feature or quality that belongs to a person is defined as .....
15. This is anything offered to a market by the business to satisfy needs, could include a physical good or an intangible service.
16. The entrepreneurs who create new ideas are called?
17. The equilibrium price is
18. Which is a characteristic of a entrepreneur?
19. Which of the following is NOT true about a Small Business Entrepreneurship?
20. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs are accountable for their actions?
21. Which of the following an entrepreneur may develop?
22. Someone who does contract work for different companies to complete projects or assignments is referred to as
23. An overview of thepeople who will run thebusiness is included inthe ..... partof the business plan.
24. It is important to behonest about the risksfaced by the business inthe ..... partof the business plan.
25. A business that involves one individual controlling the operations. That individual is usually responsible for the business' debt.
26. The locations and methods used to make the product available to customers:
27. A section of the market that is most likely to buy your product
28. Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of
29. A cost of goods sold section is included in
30. Knowing what you want and focusing on a plan to achieve the goal means that you are .....
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