Entrepreneurs Quiz 27 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Entrepreneurs look for challenging opportunities. They are not afraid to take risks.

Correct Answer: A) Risk-Takers.

2. The ability to use imaginative skills to find unique ways to solve problems.

Correct Answer: B) Creativity.

3. This entrepreneur sold trash bags at the age of 12, now he is a NBA team owner.

Correct Answer: B) Mark Cuban.

4. ..... entrepreneurs make their own decisions and do something they enjoy.

Correct Answer: C) Independent.

5. There are 4 types of entrepreneurship, which of the following is not one?

Correct Answer: C) Middle Operations Entrepreneurship.

6. A reliable source of general business start-up information is

Correct Answer: C) The Small Business Administration (www.sba.gov).

7. Who is this entrepreneur?

Correct Answer: B) Bill Gates.

8. Entrepreneurs create ..... for others by creating goods, services, and methods that others find useful

Correct Answer: D) Value.

9. Which of the following BEST describes an entrepreneur?

Correct Answer: A) Has a strong desire to achieve and is innovative.

10. A statement that includes a column showing the changes in percentages from the first period to the ending period is called a

Correct Answer: C) Same size balance sheet analysis.

11. ..... takes initiative necessary to start an entity under corporate format .

Correct Answer: C) Corporate entrepreneur.

12. Nursus coffee is an example of

Correct Answer: C) Fabian entrepreneur.

13. Entrepreneurship came from the French word ..... ?

Correct Answer: B) "entreprendre" meaning "to undertake".

14. Entrepreneurs should be good ..... so that they can maximize opportunities to increase their business visbility.

Correct Answer: A) Networker.

15. A business that can legally act as a single person, even though many people may own it.

Correct Answer: B) Corporation.

16. What is the money remaining from business income after paying all expenses called?

Correct Answer: C) Profit.

17. Who are the people who buy a good or service?

Correct Answer: C) Consumer.

18. Entrepreneurs are constantly looking for new ways to solve problems.

Correct Answer: A) Creative.

19. The profit motive is

Correct Answer: C) A reason entrepreneurs take on business risks.

20. A person who organizes and operates a business who takes a calculated financial risk in order to do so.

Correct Answer: A) Entrepreneur.