This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This entrepreneur is a an American business magnate, investor, and philanthropist who is a co-founder, the executive chairman and chief technology officer of Oracle Corporation A) Mark Zuckerberg. B) Jeff Bezos. C) Larry Ellison. D) None of above. Show Answer Correct Answer: C) Larry Ellison. 2. Space allowed between two or more people A) Business space. B) Optional space. C) Personal Space. D) Appropriate Space. Show Answer Correct Answer: C) Personal Space. 3. What did Shubham Banerjee develop? A) The first laptop computer. B) The Ipad. C) A low-cost Braille printer. D) The Roomba. Show Answer Correct Answer: C) A low-cost Braille printer. 4. Entrepreneurs are born to win. They always have a ..... and are determined to surpass challenges and obstacle that come their way. A) Xtremely smart. B) Winning Attitude. C) Zealously energetic. D) Visionary. Show Answer Correct Answer: B) Winning Attitude. 5. A good entrepreneur will A) Be willing to sell their soul for success. B) Change the world. C) Put on a great show. D) Find a new or unusual way of doing business. Show Answer Correct Answer: D) Find a new or unusual way of doing business. 6. What is a benefit of starting a new business from scratch? A) You are creating something that is uniquely your own. B) The business will make profits quickly. C) The business will have name and brand recognition. D) Your start-up costs will be small. Show Answer Correct Answer: A) You are creating something that is uniquely your own. 7. Successful entrepreneurs enjoy their work and often start their businesses so that they can share theirinterests and enthusiasm with others. In other words, successful entrepreneurs have ..... what they do. A) Reservations about. B) Concerns about. C) Apathy for. D) Passion for. Show Answer Correct Answer: D) Passion for. 8. In this kind of economy the government determines what, how and for whom products and services are produced: A) Market economy. B) Traditional economy. C) Command economy. D) Laissez-faire economy. Show Answer Correct Answer: C) Command economy. 9. Which of the following is NOT a trait of successful entrepreneurs? A) Passion. B) Procrastination. C) Resilience. D) Strong sense of self. Show Answer Correct Answer: B) Procrastination. 10. This displays the roles, responsibilities and answers the question, "Who reports to whom?" A) Startup Costs. B) Pricing. C) Price Comparison. D) Organizational Structure. Show Answer Correct Answer: D) Organizational Structure. 11. A fiscal year is A) January-December. B) Any 6 month period. C) Any 12 month period. D) A quarter. Show Answer Correct Answer: C) Any 12 month period. 12. Entrepreneurs do not listen to the negative people around them. They take the road less traveled, which makes them A) Lazy. B) Hardworking. C) Intelligent. D) Independent-minded. Show Answer Correct Answer: D) Independent-minded. 13. To determine your suitability for entrepreneurship, you should assess your A) Strengths and weaknesses. B) Interests. C) Aptitude. D) All of these. Show Answer Correct Answer: D) All of these. 14. Which of these people are examples of entrepreneurs? A) Beyonce and Justin Beiber. B) Steve Jobs and Oprah Winfrey. C) Angelina Jolie and Bob Barker. D) James T. Kirk and Mr. Spock. Show Answer Correct Answer: B) Steve Jobs and Oprah Winfrey. 15. Details on how acompany will make itscustomers aware of itsproducts and services iscontained in the ..... section ofthe business plan. A) Marketing Plan. B) Market Analysis. C) Dog. D) Person. Show Answer Correct Answer: A) Marketing Plan. 16. Which of the following is a retail business? A) Barber. B) Lawn mowing business. C) Auto body shop. D) Car dealer. Show Answer Correct Answer: D) Car dealer. 17. Poultry, flowers, fruits, etc are called allied products of ..... entrepreneur A) Agricultural. B) Retail. C) Corporate. D) Trading. Show Answer Correct Answer: A) Agricultural. 18. Accounts payable is a A) Liability. B) Asset. C) Owner's equity. D) None of these options. Show Answer Correct Answer: A) Liability. 19. Which of the following is the best long-term strategy to reach profitability? A) Find new vendors with lower prices. B) Cut store hours. C) Expand into different markets. D) Lay off employees. Show Answer Correct Answer: C) Expand into different markets. 20. A business that is owned and operated by two or more people who share in the decision-making and profitability of the company. A) Partnership. B) Proprietorship. C) Corporation. D) Limited Liability Cooperative. Show Answer Correct Answer: A) Partnership. ← 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