Entrepreneurs Quiz 20 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Entrepreneurs should prepare income statements

Correct Answer: B) Monthly.

2. What is one of the main reasons why small businesses are strongly promoted and supported by local government?

Correct Answer: D) They are important to the economy.

3. Who started Google?

Correct Answer: C) Larry Page & Sergei Brin.

4. The following are the habits of successful entrepreneurs, except .....

Correct Answer: C) Watch TV more.

5. Details on how theproposed business has anadvantage over itscompetition is containedin the ..... part ofthe business plan.

Correct Answer: A) CompetitiveAnalysis.

6. Entrepreneurs are different from businessman because:

Correct Answer: C) They try to contribute toward economic development of the country.

7. This entrepreneur fell in love with programming in High School and invented Facebook.

Correct Answer: C) Mark Zuckerberg.

8. Cash on hand divide by burn rate =

Correct Answer: A) Number of months before cash runs out.

9. Which of the following countries has the most new business start ups happening every year?

Correct Answer: A) USA.

10. A ..... entrepreneur takesresponsibility for theirdecisions and actions.

Correct Answer: A) Responsible.

11. 'Risk-taker' in entrepreneurship means

Correct Answer: B) Willing to take calculated risk.

12. To determine your suitability for entrepreneurship, you should assess your (a), (b) s, (c), (d) .

Correct Answer: C) Aptitude.

13. An entrepreneur who creates, starts and sells ventures

Correct Answer: A) Serial entrepreneur.

14. Getting people together to accomplish goals and objectives using available resources.

Correct Answer: B) Management.

15. When was the Model-T car introduced?

Correct Answer: A) 1908.

16. A business that lowers the amount of risk that the one owner faces in the event that another owner shows negligence.

Correct Answer: D) Limited Liability Corporation.

17. The ability to get along with others, to inspire, cooperation, confidence, and loyalty.

Correct Answer: C) Human Relation Skills.

18. An entrepreneur's heart is determined to break through any obstacle.

Correct Answer: A) Passionate.

19. Which of these is NOT a skill of an entrepreneur?

Correct Answer: D) Sleeping.

20. ..... entrepreneur mobilise the resources of various types and create an entity to manufacture the products or service .

Correct Answer: B) Industrial.