Entrepreneurs Quiz 14 (20 MCQs)

Quiz Instructions

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1. Entrepreneurs know what resources are needed in their business and how these could be utilized effectively and efficiently.

Correct Answer: B) Organized and an organizer.

2. The entrepreneur needs a promotional plan and the first step in developing a promotion plan is to:

Correct Answer: B) Set specific measurable goals.

3. Why are Entrepreneurs important?

Correct Answer: B) An important engine of growth in the economy.

4. Which could be good sources of information for entrepreneurs?

Correct Answer: D) Websites, webinars, and message boards.

5. This entrepreneur is the founder of Apple.

Correct Answer: B) Steve Jobs.

6. This type of business sells to other businesses

Correct Answer: A) Wholesaler.

7. While not reckless, ..... entrepreneurs takerisks.

Correct Answer: A) Risk-taking.

8. Two key factors that aid an entrepreneur's commitment to a business are

Correct Answer: B) Interests and past experiences.

9. Which of the following entrepreneur who restrict themselves to buying selling and finished goods

Correct Answer: B) Trading entrepreneur.

10. Who started Microsoft?

Correct Answer: D) Bill Gates.

11. What are the functions that an entrepreneur performs?

Correct Answer: D) 4. All of the above.

12. An entrepreneur who puts technology at the core of his or her business model.

Correct Answer: C) Technopreneur.

13. Which of the following is an example of a market segment?

Correct Answer: D) Realtors selling homes under $ 130, 000.

14. This is any non-paid communication about a product, service, company, or cause.

Correct Answer: B) Publicity.

15. This is the process through which goods and services are created and provided to the customer:

Correct Answer: B) Marketing.

16. Who founded Hallmark?

Correct Answer: B) Joyce Hall.

17. Who was the creator of Mickey Mouse?

Correct Answer: B) Walt Disney.

18. When you make an economic choice, the value of the next best alternative is called:

Correct Answer: C) Opportunity cost.

19. The things that you must have in order to survive are called:

Correct Answer: B) Needs.

20. This is the effort to reach consumers by generating positive publicity.

Correct Answer: B) Public Relations.