This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Home-based businesses are attractive to many people because the businesses generally. A) Yield higher profit margins. B) Provide owners a steady income. C) Have lower start-up costs. D) Require less technical training. Show Answer Correct Answer: C) Have lower start-up costs. 2. This percentage of all small business startups fail A) 25. B) 50. C) 75. D) 10. Show Answer Correct Answer: B) 50. 3. ..... may be engaged in domestic and international trade A) Service entrepreneur. B) Technical entrepreneur. C) Trading entrepreneur. D) None of these. Show Answer Correct Answer: C) Trading entrepreneur. 4. Name one of the reasons people become entrepreneurs. A) Feeling insecure. B) They like to be the ONLY one doing everything. C) They are doing what they enjoy. D) None of above. Show Answer Correct Answer: C) They are doing what they enjoy. 5. ..... get their income by way of commission and marketing A) Service entrepreneur. B) Industrial entrepreneur. C) Trading entrepreneur. D) Business entrepreneur. Show Answer Correct Answer: C) Trading entrepreneur. 6. Which are characteristics of entrepreneurs? I innovative II think inside the box III intuitive IV button down thinkers A) I II III IV. B) I III. C) I IV. D) III II. Show Answer Correct Answer: B) I III. 7. Who started McDonalds? A) Ronald McDonald. B) Raymond McDonald. C) Ray Kroc. D) Ray Arches. Show Answer Correct Answer: C) Ray Kroc. 8. It refers to the setting of goals and objectives. A) Gathering of data. B) Setting the objectives. C) Planning. D) All of these. Show Answer Correct Answer: C) Planning. 9. Who founded Starbucks? A) Howard DaytonGeorge Dayton. B) David AbneyDavid Abney. C) Sherwood NobleSherwood Noble. D) Howard Schultz. Show Answer Correct Answer: D) Howard Schultz. 10. Which of the following is NOT a characteristic of a strong work ethic? A) Dependability. B) Professionalism. C) Tardiness. D) Dedication. Show Answer Correct Answer: C) Tardiness. 11. A disadvantage of entrepreneurship is that entrepreneurs A) Face irregular incomes. B) Must make all decisions by themselves. C) Work long hours,. D) All of these. Show Answer Correct Answer: D) All of these. 12. What % of jobs are created by small businesses? A) 60%. B) 50%. C) 80%. D) 30%. Show Answer Correct Answer: A) 60%. 13. Which trait or characteristic would describe a successful entrepreneur? A) Lazy. B) Shy. C) Bossy. D) Self Starter. Show Answer Correct Answer: D) Self Starter. 14. What kind of business opportunity is started from a scratch? A) An existing business. B) A new business. C) Corporate freelance business. D) A franchise. Show Answer Correct Answer: B) A new business. 15. ..... are focused on the goals of their business. A) Success-oriented. B) Goal-oriented. C) Undivided focus. D) Hardworking. Show Answer Correct Answer: A) Success-oriented. 16. What percentage of new jobs were created by businesses. A) 50%. B) 20%. C) 60%. D) 40%. Show Answer Correct Answer: C) 60%. 17. This entrepreneur is the CEO and product architect of Tesla, Inc. A) John D Rockefeller. B) Sergey Brin. C) Elon Musk. D) None of above. Show Answer Correct Answer: C) Elon Musk. 18. Which of the following is central to the concept of entrepreneurship? A) Financing. B) Stabilization. C) Manufacturing. D) Innovation. Show Answer Correct Answer: D) Innovation. 19. They're able to not only come up with ingenious ideas, but also turn those ideas into profits. A) Creative. B) Perseverance. C) Persistence. D) Self Confidence. Show Answer Correct Answer: A) Creative. 20. This is any form of paid, non-personal communication that uses mass media to deliver the entrepreneur's message to an audience. A) Broadcasting. B) Targeting. C) Advertising. D) Directing. Show Answer Correct Answer: C) Advertising. ← 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