This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 25 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. These are acquired and developed by a person through constant and correct practice. A) Skills. B) Practice. C) Traits. D) Success. Show Answer Correct Answer: A) Skills. 2. The way we train ourselves to meet certain goals. A) Concentration. B) Concentration. C) Self-Discipline. D) Confidence. Show Answer Correct Answer: C) Self-Discipline. 3. One of the five realities of the entrepreneurs is ..... A) An inventor is an entrepreneur. B) Everyone possesses the ability to be an entrepreneur. C) Entrepreneurs do not create business opportunities. D) Invention is uncontagious. Show Answer Correct Answer: B) Everyone possesses the ability to be an entrepreneur. 4. What might be a motivation to become an entrepreneur? A) Risk of financial ruin. B) Be your own boss. C) Doing paperwork. D) Lack of responsibility. Show Answer Correct Answer: B) Be your own boss. 5. Being capable of doing the work and enjoying it. A) Creativity. B) Technical Ability. C) Confidence. D) Hard Work. Show Answer Correct Answer: D) Hard Work. 6. How many ways does Georgia have to transport produced goods throughout the State? A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: D) 4. 7. American entrepreneurs: A) Increase unemployment by taking the best jobs for themselves. B) Create products that change the way people live and conduct business. C) Have little impact on supply and demand. D) All of the above. Show Answer Correct Answer: B) Create products that change the way people live and conduct business. 8. They can have it in any color they want, as long as its black." This quote explains why this famous automobile company almost went out of business in the 1920's. A) The Ford Motor Company. B) The John Deere Company. C) The Chrysler Corporation. D) General Motors. Show Answer Correct Answer: A) The Ford Motor Company. 9. Entrepreneurs want to make their own decisions. They set their own schedule and can work without supervision. A) Persistent. B) Self Confident. C) Independent. D) Goal Oriented. Show Answer Correct Answer: C) Independent. 10. Computer skills necessary for business functions A) Creativity. B) Math Skills. C) Technical Skills. D) Human Relations Skills. Show Answer Correct Answer: C) Technical Skills. 11. ..... entrepreneurs are doersinstead of spectators.They take action. A) Action-oriented. B) Goal-oriented. C) Action-oriented. D) Restless. Show Answer Correct Answer: A) Action-oriented. 12. Which one of these is NOT part of the market research process? A) Conduct primary and secondary research. B) Start promoting the business to neighbors. C) Talk to your cousin that shops at local stores. D) Explore websites of similar businesses. Show Answer Correct Answer: B) Start promoting the business to neighbors. 13. Costs that must be paid regardless of how much of a good or service is produced are known as: A) Variable costs. B) Marginal costs. C) Fixed costs. D) None of the above. Show Answer Correct Answer: C) Fixed costs. 14. This is someone who is experienced, successful and willing to provide advice and guidance. A) Mentor. B) President. C) CEO. D) Industrial Engineer. Show Answer Correct Answer: A) Mentor. 15. Which of the following does NOT encourage entrepreneurship? A) Information revolution. B) Changing demographics. C) Technological advances. D) Government bureaucracy. Show Answer Correct Answer: D) Government bureaucracy. 16. Part A:Select the tone created by Jay Z in the following quote:"Rosa Parks sat so that Martin Luther King could walk. Martin Luther King walked so that Obama could run. Obama's running so we all can fly." A) Exhausted. B) Hopeful. C) Disheartened. D) Interested. Show Answer Correct Answer: B) Hopeful. 17. Business entity that is usually owned by multiple stockholders and operates as a separate legal entity. A) Proprietorship. B) Partnership. C) Limited liability company. D) Corporation. Show Answer Correct Answer: D) Corporation. 18. A public promotion of some product or service A) Website. B) Advertising. C) Branding. D) None of above. Show Answer Correct Answer: B) Advertising. 19. What is a disadvantage of entrepreneurship? A) Fewer resources. B) Personal satisfaction. C) Lower taxes. D) Uncertain income. Show Answer Correct Answer: D) Uncertain income. 20. Grouping 2 or more products together and pricing them as a unit. A) Bundling. B) Grouping. C) Branding. D) None of above. Show Answer Correct Answer: A) Bundling. ← 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