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Entrepreneurs Quiz 9 (25 MCQs)

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1. Which of the following is a retail business?
2. Poultry, flowers, fruits, etc are called allied products of _____ entrepreneur
3. Accounts payable is a
4. Which of the following is the best long-term strategy to reach profitability?
5. A business that is owned and operated by two or more people who share in the decision-making and profitability of the company.
6. 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:
7. What company did Bill Gates start?
8. This cluster includes a set of character trait that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community.
9. A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.
10. A feature or quality that belongs to a person is defined as _____
11. This is anything offered to a market by the business to satisfy needs, could include a physical good or an intangible service.
12. The entrepreneurs who create new ideas are called?
13. The equilibrium price is
14. Which is a characteristic of a entrepreneur?
15. Which of the following is NOT true about a Small Business Entrepreneurship?
16. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs are accountable for their actions?
17. Which of the following an entrepreneur may develop?
18. An overview of thepeople who will run thebusiness is included inthe _____ partof the business plan.
19. It is important to behonest about the risksfaced by the business inthe _____ partof the business plan.
20. A business that involves one individual controlling the operations. That individual is usually responsible for the business' debt.
21. The locations and methods used to make the product available to customers:
22. A section of the market that is most likely to buy your product
23. Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of
24. A cost of goods sold section is included in
25. Knowing what you want and focusing on a plan to achieve the goal means that you are _____
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