This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Entrepreneurs must make decisions and solve problems every day. A) Problem Solving/Decision Making. B) Technical Skills. C) Communication Skills. D) Human Relations Skills. Show Answer Correct Answer: A) Problem Solving/Decision Making. 2. An organization or enterprising entity engaged in commercial, industrial, or professional activities. A) Business. B) Businessman. C) Entrepreneur. D) Entrepreneurship. Show Answer Correct Answer: A) Business. 3. Entrepreneurs must be willing to risk the chance of failure in order to be successful. What important characteristic of entrepreneurs is this? A) Risk-taking. B) Perseverance. C) Creativity. D) Self-confident. Show Answer Correct Answer: A) Risk-taking. 4. Who is the person that organizes and operates a business, takes risk? A) Business owner. B) Entrepreneur. C) Intrapreneur. D) Manager. Show Answer Correct Answer: B) Entrepreneur. 5. Read the song lyric below. "I went to school, got good grades, could behave when I wanted/ But I had demons deep inside that would raise when confronted. "What is the meaning of "demons" as Jay Z uses in the quote above? A) Violence. B) Devils. C) Questions. D) Problems. Show Answer Correct Answer: D) Problems. 6. Competency involves (a), (b), (c), (d) A) Being able to look at things from different perspectives. B) Sharing ideas with others both verbally and in written form. C) Working well with others. D) Having the right set of skills needed to get the job done. Show Answer Correct Answer: D) Having the right set of skills needed to get the job done. 7. A balance sheet includes A) Assets. B) Liabilities. C) Owner's equity. D) All of these options. Show Answer Correct Answer: D) All of these options. 8. Which of the following represents cognitive skills? A) Skills in listening. B) Negotiate easily with suppliers. C) Ability to create ideas. D) None of above. Show Answer Correct Answer: C) Ability to create ideas. 9. The reasons customers choose to buy A) Can. B) Benefits. C) Rich. D) None of above. Show Answer Correct Answer: B) Benefits. 10. The chance of danger or loss A) Risk. B) Options. C) Reward. D) Benefit. Show Answer Correct Answer: A) Risk. 11. What became a model for the manufacturing of American cars and consumer products? A) The assembly line. B) Cooking. C) Sewing. D) Farming. Show Answer Correct Answer: A) The assembly line. 12. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs want to make their own decisions, set their own schedules, and can work without supervision? A) Goal-oriented. B) Independent. C) Risk-takers. D) Inquisitive. Show Answer Correct Answer: B) Independent. 13. "If at first you do not succeed, try and try again." This statement best describes which characteristic of successful entrepreneurs? A) Creative. B) Inquisitive. C) Self-Confident. D) Persistent. Show Answer Correct Answer: D) Persistent. 14. The desire to be your own boss. A) Independence. B) Self-Discipline. C) Motivation. D) Ability to Make Decisions. Show Answer Correct Answer: A) Independence. 15. If someone demands something, they must be able to A) Be able to buy it. B) Want it. C) Want it and be able to buy it. D) Ask for it immediately. Show Answer Correct Answer: C) Want it and be able to buy it. 16. Entrepreneurs develop a plan of action. A) Persistent. B) Goal Oriented. C) Responsible. D) Independent. Show Answer Correct Answer: B) Goal Oriented. 17. ..... are supposed to be bold, optimistic and enterprising persons. A) Private entrepreneur. B) Spontaneous entrepreneur. C) Joint entrepreneur. D) Rural entrepreneur. Show Answer Correct Answer: B) Spontaneous entrepreneur. 18. The possible handicap(s) to start up a business is/are ..... A) Education. B) Age. C) No business idea. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. It is essential that entrepreneurs be able to get along with others and enjoy meeting and talking to people. A) Human Relations Skill. B) Math Skills. C) Problem Solving/Decision Making. D) Technical Skills. Show Answer Correct Answer: A) Human Relations Skill. 20. ..... is being able to manage your calendar, work, email, social media, and projects. A) Professional management. B) Resource management. C) Referral management. D) Personal management. Show Answer Correct Answer: D) Personal management. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books