This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 22 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Entrepreneurs work until the job is done. A) Persistent. B) Inquisitive. C) Self Confident. D) Creative. Show Answer Correct Answer: A) Persistent. 2. Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step? A) Estimate the target market. B) Immediately put down a deposit for a storefront property. C) Create a business pitch. D) Get a mentor. Show Answer Correct Answer: B) Immediately put down a deposit for a storefront property. 3. Entrepreneurs see their business as open systems affecting and affected by what is going on in its environment. A) Resourceful. B) Finds opportunity in crisis. C) Mindful of changes in the environment. D) Networker. Show Answer Correct Answer: C) Mindful of changes in the environment. 4. Suggestion selling A) Should only be attempted when salespeople have time. B) Hurts a firm because of increased sales-related expenses. C) Means loading customers down with unwanted goods or expenses. D) Makes the original purchase more enjoyable. Show Answer Correct Answer: D) Makes the original purchase more enjoyable. 5. ..... entrepreneur are said to be conservatives and sceptical about plasticising any change in their organization A) Drone. B) Fabian. C) Imitative. D) Innovative. Show Answer Correct Answer: B) Fabian. 6. Taylor Swift was the highest earning celebrity of 2019, how much did she earn in that year alone? A) $ 11.6 million. B) $ 1.6 million. C) $ 187 million. D) $ 185 million. Show Answer Correct Answer: D) $ 185 million. 7. This is a business owned and managed by one person. A) Partnership. B) Proprietorship. C) Corporation. D) Limited Liability Cooperative. Show Answer Correct Answer: B) Proprietorship. 8. Which of the following is NOT true about an entrepreneur? A) An entrepreneur is responsible for the success of their business. B) An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him. C) An entrepreneur gets to act as his own boss. D) None of above. Show Answer Correct Answer: B) An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him. 9. Amazon's ability to increase market share was largely due to A) A lower price. B) A higher price. C) The ability to deliver on time almost everytime. D) Both A and C. Show Answer Correct Answer: D) Both A and C. 10. Leaders work in the system. A) True. B) False. C) I don't know. D) None of above. Show Answer Correct Answer: B) False. 11. This media includes television and radio, meaning that a signal is transmitted: A) Outdoor. B) Direct Mail. C) Broadcast. D) Print. Show Answer Correct Answer: C) Broadcast. 12. A business owned by two or more people. A) Sole proprietorship. B) Corporation. C) Entrepreneurship. D) Partnership. Show Answer Correct Answer: D) Partnership. 13. Creator of the famous Model T Ford. A) Henry Ford. B) Walter Chrysler. C) Harrison Ford. D) Enzo Ferrari. Show Answer Correct Answer: A) Henry Ford. 14. A legal document that specifies the responsibilities and financial relationships of business partners. A) Charter. B) Partnership Agreement. C) Articles of Incorporation. D) Licensing Agreement. Show Answer Correct Answer: B) Partnership Agreement. 15. The entrepreneur who lives on the labor of others is called? A) Innovative. B) Imitating. C) Fabian. D) Drone. Show Answer Correct Answer: C) Fabian. 16. Smart entrepreneurs should avoid problems by ensuring that everything they do is ..... A) Networker. B) Organized and and organizer. C) Legitimate. D) Networker. Show Answer Correct Answer: C) Legitimate. 17. A Start-Up Business is a: A) Newly established business. B) Two companies merging together. C) An old traditional company. D) None of above. Show Answer Correct Answer: A) Newly established business. 18. The definition of TRADE is ..... A) Importing goods. B) To buy or sell goods or services. C) Exporting goods. D) None of above. Show Answer Correct Answer: B) To buy or sell goods or services. 19. Which of the following is the fastest-growing type of advertising? It can be targeted and allows for instant feedback. A) Broadcast Advertising. B) Outdoor Advertising. C) Print Advertising. D) Online Advertising. Show Answer Correct Answer: D) Online Advertising. 20. Who is the founder of Microsoft? A) Bill Gates. B) Steve Jobs. C) Elle McPherson. D) Oprah Winfrey. Show Answer Correct Answer: A) Bill Gates. ← 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