This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 21 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Facebook founder worth over $ 47 billion and takes a salary of only $ 1? A) Mark Zuckerberg. B) Donald Trump. C) James Packer. D) Jennifer Lopez. Show Answer Correct Answer: A) Mark Zuckerberg. 2. Above all, ..... entrepreneurs want tomake their owndecisions. A) Independent. B) Person. C) Dog. D) Smart. Show Answer Correct Answer: A) Independent. 3. Writing, speaking, and listening skills A) Communication. B) Human Relations. C) Math. D) Basic Business. Show Answer Correct Answer: A) Communication. 4. The Malaysian government has been encouraging and supporting entrepreneurial development through various strategies EXCEPT A) The New Economic Policy (1971-1990). B) The National Development Policy (1990-2000). C) The Family Planning Policy. D) Vision 2020. Show Answer Correct Answer: C) The Family Planning Policy. 5. Entrepreneurs must develop writing, speaking, and listening skills A) Communication Skills. B) Human Relation Skills. C) Math Skills. D) Problem Solving/Decision Making. Show Answer Correct Answer: A) Communication Skills. 6. These are basically about the relationship and interaction of the entrepreneur with the workers, suppliers, creditors and other members of the business community. A) Mutual understanding. B) Cognitive skills. C) Interpersonal skills. D) Negotiating skills. Show Answer Correct Answer: C) Interpersonal skills. 7. What skills is described as-not giving up and continuously trying? A) Self-Confident. B) Responsible. C) Persistant. D) Motivated. Show Answer Correct Answer: C) Persistant. 8. Keeping all the profit is a reward for setting up your own business. How is this calculated? A) Total Revenue-Total Costs. B) Total Revenue-Wages. C) Gross Profit/Sales. D) Sales-Profit. Show Answer Correct Answer: A) Total Revenue-Total Costs. 9. Why do we need Entrepreneurship? A) Create new businesses and raise taxes. B) To make people happy. C) To take down big box stores. D) Create social change and community development. Show Answer Correct Answer: D) Create social change and community development. 10. Any person who can create something new or something different has already acquired a competitive advantage. A) Business. B) Businessman. C) Entrepreneur. D) Entrepreneurship. Show Answer Correct Answer: C) Entrepreneur. 11. Entrepreneurs create ..... for themselves and others. A) Wealth. B) Risk. C) Plans. D) None of these. Show Answer Correct Answer: A) Wealth. 12. Select the following that are skills: A) Determination Skills. B) Business skills. C) Communication Skills, People skills. D) Business skills Communication Skills People skills. Show Answer Correct Answer: D) Business skills Communication Skills People skills. 13. The ..... isa brief account of thekey points contained in abusiness plan. A) ExecutiveSummary. B) Person. C) Dog. D) Bird. Show Answer Correct Answer: A) ExecutiveSummary. 14. This is an important reason or incentive that entrepreneurs have for starting their own businesses. A) The competition. B) The profit motive. C) The ability to pay cheaper taxes. D) Government regulations. Show Answer Correct Answer: B) The profit motive. 15. Which component of a business plan is brief description of the key points of each section of the business plan? A) Executive Summary. B) Product/Service plan. C) Management Team plan. D) Industry/Market Analysis. Show Answer Correct Answer: A) Executive Summary. 16. Which of the following entrepreneur is simply imitates existing skill, knowledge or technology already in places in advanced countries? A) Fabian entrepreneur. B) Innovative entrepreneur. C) Imitative entrepreneur. D) Drone entrepreneur. Show Answer Correct Answer: C) Imitative entrepreneur. 17. Entrepreneurship is basically aimed to gear someone towards SELF-EMPLOYMENT. Entrepreneurship, generally pertains to engaging in small and medium-sized business. A) Entrepreneurship as a self-employment decision. B) Entrepreneurship. C) Entrepreneur. D) None of above. Show Answer Correct Answer: A) Entrepreneurship as a self-employment decision. 18. ..... are self made entrepreneur . A) First generation entrepreneurs. B) Modern entrepreneurs. C) Motivated entrepreneurs. D) None of these. Show Answer Correct Answer: A) First generation entrepreneurs. 19. This is a temporary partnership created for a single project or purpose. A) Joint Venture. B) Limited Partnership. C) General Partnership. D) Industrial Partnership. Show Answer Correct Answer: A) Joint Venture. 20. Even though there is a significant chance that his business will fail, Sidney intends to open a sports memorabilia shop. What entrepreneurial trait is Sidney exhibiting? A) Organization. B) Creativity. C) Open-mindedness. D) Willingness to take risks. Show Answer Correct Answer: D) Willingness to take risks. ← 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