This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. ..... takes up production, operation and pursues marketing activities A) Business entrepreneur. B) Industrial entrepreneur. C) Trading entrepreneur. D) Agricultural entrepreneur. Show Answer Correct Answer: A) Business entrepreneur. 3. A person goes on the same amusement park ride five times in a row. Which ride do you think produced the highest marginal benefit for the person? A) The first ride. B) The third ride. C) The fifth ride. D) None of the rides. Show Answer Correct Answer: A) The first ride. 4. Who started Wendys? A) Dave Andrews. B) Dave Gates. C) Dave Miller. D) Dave Thomas. Show Answer Correct Answer: D) Dave Thomas. 5. Export means ..... A) To get rid of the goods you don't need. B) Sending a product to another country for sale. C) To get more goods to be able to make more money. D) Bringing a product into a country to be sold. Show Answer Correct Answer: B) Sending a product to another country for sale. 6. Which of the statements below is true? A) Entrepreneur has limited career opportunities. B) Entrepreneurs are prone to constant high income. C) Entrepreneurs are contributor to the development of the society. D) Entrepreneurs are the reasons for unemployment problem. Show Answer Correct Answer: C) Entrepreneurs are contributor to the development of the society. 7. Which of the following are methods of online marketing communication? I. Direct email marketingII. Online cataloguesIII.Public relations A) I only. B) II and III. C) I and II. D) I, II and III. Show Answer Correct Answer: C) I and II. 8. This is an American computer scientist and internet entrepreneur. Together with Larry page, he co-founded Google. A) Steve Jobs. B) Elon Musk. C) Mark Zuckerberg. D) None of above. Show Answer Correct Answer: A) Steve Jobs. 9. Keeping your promises; being on time and prepared for meetings and appointments A) Professionalism. B) Dependability. C) Keeping it real. D) Empathetic. Show Answer Correct Answer: A) Professionalism. 10. Entrepreneurs are determined to break through any obstacle. Their spirit is something one cannot easily dampen, for they are often in battle mode when they want to get things done. A) Harworking. B) Goal-oriented. C) Success-oriented. D) Passionate. Show Answer Correct Answer: D) Passionate. 11. "Tenacity is No. 1, " says Mike Colwell, who runs Plains Angels. "So much of entrepreneurship is dealing with repeated failure. It happens many times each week. "What is "tenacity" ? A) Nothing ever goes my way. B) Let someone else do it. C) It's toooooo difficult. D) I know i can. Show Answer Correct Answer: D) I know i can. 12. Owners of stock in a company A) Partnership. B) Sole proprietorship. C) Stockholders. D) Corporation. Show Answer Correct Answer: C) Stockholders. 13. Which characteristic is not reflective of a successful entrepreneur? A) Self-conscious. B) Creative. C) Passion. D) Persistence. Show Answer Correct Answer: A) Self-conscious. 14. Which of the following is not a characteristic of entrepreneurs? A) Creative. B) Dependent. C) Responsible. D) Independent. Show Answer Correct Answer: B) Dependent. 15. An entrepreneur must know ..... A) Only the parts of the business they like. B) No parts of the business management. C) All parts of business:finance, marketing, etc. D) None of above. Show Answer Correct Answer: C) All parts of business:finance, marketing, etc. 16. Communication Skills A) The ability to come up with clever and workable solutions. B) The ability to express yourself and to understand others so that ideas can be shared. C) The desire to be your own boss. D) The way we train ourselves to meet certain goals. Show Answer Correct Answer: B) The ability to express yourself and to understand others so that ideas can be shared. 17. Which of the following is a problem a nation might attempt to solve through its economic systems? A) Limited supply of goods and services. B) Democracy. C) Entrepreneur's profit motive. D) All of the above. Show Answer Correct Answer: A) Limited supply of goods and services. 18. What is a document that is used to help guide an entrepreneur in organizing and running a business. A) Business Outline. B) Business Plan. C) Business Profit Report. D) Business To-Do list. Show Answer Correct Answer: B) Business Plan. 19. The following are the sources of business idea, except ..... A) Money. B) Hobby. C) *results of creativity and innovation. D) Skill. Show Answer Correct Answer: A) Money. 20. What is the most common reason given for why people choose to become entrepreneurs? A) To make a lot of money. B) To be their own boss. C) To be able to retire early. D) To escape the long hours associated with corporate jobs. Show Answer Correct Answer: B) To be their own boss. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books