This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 19 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The most important characteristic of a successful business website is A) Speed. B) Innovation. C) Products. D) Graphics. Show Answer Correct Answer: A) Speed. 2. Example of financial support agencies for entrepreneur in Malaysia as follow, EXCEPT A) Bank Usahawan Malaysia. B) Majlis Amanah Rakyat (MARA). C) Commercial Bank. D) None of above. Show Answer Correct Answer: A) Bank Usahawan Malaysia. 3. Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals. A) CREATIVE. B) COMMITMENT. C) CURIOSITY. D) PASSION. Show Answer Correct Answer: C) CURIOSITY. 4. The advantage of partnership compared to company is A) Partnerships aren't taxed as a separate business entity. B) All partners can leave their partnership business any time without notice. C) All above answers. D) None of above. Show Answer Correct Answer: A) Partnerships aren't taxed as a separate business entity. 5. Which is the cost of goods or services used to operate a business? A) Income. B) Expense. C) Revenue. D) Profit. Show Answer Correct Answer: B) Expense. 6. Which of these is not a way for entrepreneurs to get into business? A) Buying a franchise. B) Taking someone's business by force. C) Starting their own business. D) Buying another individual's business. Show Answer Correct Answer: B) Taking someone's business by force. 7. When writing a letter of inquiry, when should you identify the purpose of your letter? A) At the beginning of the letter. B) After describing your company. C) Once the recipient has agreed to meet with you. D) After identifying what prompted your inquiry (such as advertisement). Show Answer Correct Answer: A) At the beginning of the letter. 8. Bigger risks can mean A) Bigger need for cash investment. B) More people will get involved. C) Bigger opportunities for success. D) Certain failure. Show Answer Correct Answer: C) Bigger opportunities for success. 9. Governments can encourage entrepreneurial development by A) Increasing interest rates on loans. B) Deregulating and reducing taxes. C) Establishing higher ethical standards. D) Passing more legislation with strict guidelines. Show Answer Correct Answer: B) Deregulating and reducing taxes. 10. Which of these is NOT a benefit of buying an existing business? A) Tax debt. B) Existing customers. C) Existing location(s). D) Trained and experienced staff. Show Answer Correct Answer: A) Tax debt. 11. A calendar year is A) January-December. B) February-January. C) March-February. D) Any 12 month period. Show Answer Correct Answer: A) January-December. 12. They genuinely love their work. A) COMMITTED. B) DEDICATION. C) PASSION. D) STRONG PEOPLE SKILL. Show Answer Correct Answer: C) PASSION. 13. You should seek the advice of a trained professional to A) Write off their services on your income taxes. B) Help you when you don't feel smart enough on your own. C) Provide funding for your idea. D) Get accurate and specialized information relevant to your situation. Show Answer Correct Answer: D) Get accurate and specialized information relevant to your situation. 14. This involves producing something new while ..... means putting into use that new creation. A) Resourceful. B) Creative. C) Organized and an organizer. D) Creative & Innovative. Show Answer Correct Answer: D) Creative & Innovative. 15. A new or different product A) Harvesting. B) Innovation. C) Opportunity. D) Risk. Show Answer Correct Answer: B) Innovation. 16. A good example of an entrepreneur is? A) Police Officer. B) Gift Shop Owner. C) Checkout Clerk at Target. D) UPS Delivery driver. Show Answer Correct Answer: B) Gift Shop Owner. 17. What is the primary factor of a monopolistic competition: A) Product differentiation. B) Product advertisement. C) Product value. D) Product price. Show Answer Correct Answer: A) Product differentiation. 18. The process of making changes to something that adds value to customers is ..... A) An innovation. B) An idea. C) An opportunity. D) A creativity. Show Answer Correct Answer: A) An innovation. 19. The key to effective direct e-mail marketing is ..... A) Buy now. B) Interested users. C) Easy to buy. D) Offer of product. Show Answer Correct Answer: D) Offer of product. 20. The right to sell a company's products in a specified area. A) Sole proprietorship. B) Corporation. C) Franchise. D) Retail business. Show Answer Correct Answer: C) Franchise. ← 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