This quiz works best with JavaScript enabled. Home > Economics > Entrepreneurship > General > Entrepreneurs – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 9 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Helping customers make wise and satisfying buying decisions that will create an on-going profitable relationship with that customer: A) Personal selling. B) Prospecting. C) Sales management. D) Telemarketing. Show Answer Correct Answer: A) Personal selling. 2. The writer of the best selling books of all time 'Harry Potter?' A) Margaret Atwood. B) JK Rowling. C) Steven King. D) George Orwel. Show Answer Correct Answer: B) JK Rowling. 3. Which of the following statements is NOT a myth associated with entrepreneurs? A) Entrepreneurs are bold. B) All entrepreneurs are rich. C) Entrepreneurs generate ideas. D) Entrepreneurs are born, not made. Show Answer Correct Answer: C) Entrepreneurs generate ideas. 4. A successful entrepreneur is A) Annoying. B) A loser. C) A troublemaker. D) A leader. Show Answer Correct Answer: D) A leader. 5. This is the rivalry among businesses for consumers' dollars. A) Marketing. B) Competition. C) Personal Selling. D) Visual Merchandising. Show Answer Correct Answer: B) Competition. 6. A television commercial presented in the form of a short documentary A) Bundling. B) Infomercial. C) Public relations. D) None of above. Show Answer Correct Answer: B) Infomercial. 7. Which business opportunity would be created by opening a store on the World Wide Web? A) A franchise. B) A home-based business. C) An existing business. D) An internet-based business. Show Answer Correct Answer: D) An internet-based business. 8. Which of the following factors distinguishes an entrepreneur from a traditional small business owner? A) Ability to innovate. B) Employment status. C) Number of start-ups. D) Wealth. Show Answer Correct Answer: A) Ability to innovate. 9. Which of the following is not a long term asset? A) Accounts receivable. B) Building. C) Machinery. D) Equipment. Show Answer Correct Answer: A) Accounts receivable. 10. What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal? A) Flexibility. B) Self-discipline. C) Creativity. D) Risk taking. Show Answer Correct Answer: D) Risk taking. 11. Which are not among categories of entrepreneur? A) School Entrepreneur. B) Academic Entrepreneur. C) Social Entrpreneur. D) Business Entrepreneur. Show Answer Correct Answer: A) School Entrepreneur. 12. A business that sells products like food, clothing, and cars. A) Service business. B) Retail business. C) Franchise. D) Corporation. Show Answer Correct Answer: B) Retail business. 13. When 2 or more persons agree to contribute money, labor or skill to a business. A) Partnership. B) Sole Proprietorship. C) Limited Liability Corporation. D) Corporation. Show Answer Correct Answer: A) Partnership. 14. Corporate entrepreneur is called A) Promoter. B) Founder. C) Buyer. D) None of these. Show Answer Correct Answer: A) Promoter. 15. Entrepreneurs are never satisfied with the status quo. They are change agents who are passionate about moving ahead or being the cause of change. A) Questioning status quo. B) Ability to organize resources. C) Passionate. D) Inquisitive when pursuing improvements. Show Answer Correct Answer: A) Questioning status quo. 16. Sam Walton is the founder of A) Hibbets Sports. B) Wal-Mart. C) Wallace Amos. D) Wall Ball. Show Answer Correct Answer: B) Wal-Mart. 17. People who work for someone else A) Entrepreneurship. B) Entrepreneurs. C) Contractor. D) Employee. Show Answer Correct Answer: D) Employee. 18. Having the courage to do the right thing because it is right is called A) Honesty. B) Morality. C) Immorality. D) Integrity. Show Answer Correct Answer: D) Integrity. 19. What component is important to include in all types of inquiry letters? A) Project specifications. B) Attention-getting title. C) Personal qualifications. D) Contact information. Show Answer Correct Answer: D) Contact information. 20. Entrepreneurs know what resources are needed in their business and how these could be utilized effectively and efficiently. A) Ability to organize resources. B) Organized and an organizer. C) Success-oriented. D) Hardworking. Show Answer Correct Answer: B) Organized and an organizer. 21. The entrepreneur needs a promotional plan and the first step in developing a promotion plan is to: A) Decide how much to spend. B) Set specific measurable goals. C) Choose the retail price. D) Establish the brand image. Show Answer Correct Answer: B) Set specific measurable goals. 22. Why are Entrepreneurs important? A) An important money maker. B) An important engine of growth in the economy. C) An important business model. D) An important way to increase traffic. Show Answer Correct Answer: B) An important engine of growth in the economy. 23. Which could be good sources of information for entrepreneurs? A) Local universities. B) Reality television shows. C) Corporate human resources departments. D) Websites, webinars, and message boards. Show Answer Correct Answer: D) Websites, webinars, and message boards. 24. This entrepreneur is the founder of Apple. A) Serfey Brin. B) Steve Jobs. C) Mark Cuban. D) None of above. Show Answer Correct Answer: B) Steve Jobs. 25. This type of business sells to other businesses A) Service. B) Retailer. C) Wholesaler. D) Manufacturing. Show Answer Correct Answer: C) Wholesaler. 26. While not reckless, ..... entrepreneurs takerisks. A) Independent. B) Risk-taking. C) Responsible. D) Business Plan. Show Answer Correct Answer: B) Risk-taking. 27. Two key factors that aid an entrepreneur's commitment to a business are A) Hobbies and sales experience. B) Interests and past experiences. C) Interests and sales experience. D) Hobbies and athletic ability. Show Answer Correct Answer: B) Interests and past experiences. 28. Which of the following entrepreneur who restrict themselves to buying selling and finished goods A) Trading entrepreneur. B) Industrial entrepreneur. C) Business entrepreneur. D) Innovative entrepreneur. Show Answer Correct Answer: A) Trading entrepreneur. 29. Who started Microsoft? A) Bill Gates. B) Mark Zuckerberg. C) Steve Jobs. D) Steve Wozniak. Show Answer Correct Answer: A) Bill Gates. 30. What are the functions that an entrepreneur performs? A) 1.Idea generation. B) 2. determination of business objectives. C) 3. raising of funds. D) 4. All of the above. Show Answer Correct Answer: D) 4. All of the above. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEconomics QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books