This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 26 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 26 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The cover page of a business plan should contain ..... A) Key financial highlights. B) Contact information. C) The funding request. D) None of above. Show Answer Correct Answer: B) Contact information. 2. The a legal document allowing the corporation to operate as if it were a person. A) Charter. B) Partnership Agreement. C) Licensing Agreement. D) None of above. Show Answer Correct Answer: A) Charter. 3. Who started Apple? A) Steve Jobs. B) Bill Gates. C) Mark Zuckerberg. D) David Abney. Show Answer Correct Answer: A) Steve Jobs. 4. If my business is successful in taking customers from another business, I have increased my A) Market Segment. B) Target Market. C) Suppliability. D) Market Share. Show Answer Correct Answer: D) Market Share. 5. Find the odd one out in context of trading entrepreneur A) Selling. B) Buying. C) Commission. D) Manufacturing. Show Answer Correct Answer: D) Manufacturing. 6. What does the word aviation correlate with? A) Railroads. B) Deepwater ports. C) Interstates. D) Airplanes. Show Answer Correct Answer: D) Airplanes. 7. The activity of presenting products or services to customers A) Selling. B) Producing. C) Marketing. D) None of above. Show Answer Correct Answer: C) Marketing. 8. Entrepreneurs are flexible and will refuse to give up despite obstacles, failures, and discouragement from others. This characteristic is known as: A) Grit. B) Creativity. C) Self-Confidence. D) Perseverance. Show Answer Correct Answer: D) Perseverance. 9. Researchers have determined that successful entrepreneurs A) Want to make their own decisions. B) Do not always know what they want. C) Like to have someone else make decisions. D) Do not need to set goals. Show Answer Correct Answer: A) Want to make their own decisions. 10. Revenue ..... A) Profit from the sale of goods & services. B) Profit after expenses. C) Income for the sale of goods & services. D) Money paid to vendors & workers. Show Answer Correct Answer: C) Income for the sale of goods & services. 11. What is marginal cost? A) The change in the cost of producing one more unit of product. B) The cost of total overhead due to changes in production levels. C) The change in total production cost when the quantity produced changes by one unit. D) None of above. Show Answer Correct Answer: C) The change in total production cost when the quantity produced changes by one unit. 12. To show or explain in detail A) Describe. B) Demonstrate. C) Tell. D) Find. Show Answer Correct Answer: A) Describe. 13. This is a sales promotion activity that consists of a free trial size of a product sent through the mail, distributed door-to-door, or given away at retail stores and trade shows. A) Viral Marketing. B) Guerilla Marketing. C) Personal Selling. D) Product Sample. Show Answer Correct Answer: D) Product Sample. 14. An entrepreneur is a ....., he/she is willing to give up everything whether it's financial, strategy, time or etc. A) Leader. B) Risk taker. C) Gambler. D) Adventurer. Show Answer Correct Answer: B) Risk taker. 15. Entrepreneurs should always be sharp, especially with regards to processes and other important areas of their business. A) Inquisitive when pursuing improvements. B) Resourceful. C) Organized and an organizer. D) Keen eye for detail. Show Answer Correct Answer: D) Keen eye for detail. 16. An entrepreneur who hops from one company to another to act as the innovation champion, providing creative and efficient solutions. A) Intrapreneur. B) Social entrepreneur. C) Extrapreneur. D) Technopreneur. Show Answer Correct Answer: C) Extrapreneur. 17. A nonprofit organization A) Is not allowed to make a profit. B) Must use any profit it earns to further its social mission. C) Can use profit any way it sees fit. D) Uses profit for the financial gain of its operators. Show Answer Correct Answer: B) Must use any profit it earns to further its social mission. 18. Involves dedicating yourself to something, like a person or a cause. A) COMMITMENT. B) CREATIVE. C) PASSION. D) RISK TAKER. Show Answer Correct Answer: A) COMMITMENT. 19. Which of the following is not a characteristic of a successful entrepreneur? A) Determination. B) Creativity. C) Dependence. D) Self-confidence. Show Answer Correct Answer: C) Dependence. 20. If an entrepreneuris ....., they areenergetic andpassionate about theirpursuits. A) Enthusiastic,. B) Entrepreneur. C) Employee. D) Inquisitive. Show Answer Correct Answer: A) Enthusiastic,. ← 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