This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 30 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 30 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following would NOT be a good place to go to get advice? A) A Community Workshop. B) The Better Business Bureau. C) An Embezzlers Anonymous Meeting. D) The Chamber of Commerce. Show Answer Correct Answer: C) An Embezzlers Anonymous Meeting. 2. The individual who started Wendy's. A) Steve Jobs. B) Bill Gates. C) Dave Thomas. D) Ray Kroc. Show Answer Correct Answer: C) Dave Thomas. 3. Faced with a problem, an ..... entrepreneur will research and ask questions to solve the problem. A) Inquisitive. B) Persistent. C) Creative. D) Restless. Show Answer Correct Answer: A) Inquisitive. 4. This is the amount the customer will pay for the product. The value of money or its equivalent placed on a good or service. A) Product. B) Price. C) Place. D) Promotion. Show Answer Correct Answer: B) Price. 5. Which of the following is a disadvantage of a partnership? A) Everyone is happy. B) Two sets of ideas and financial assets. C) Potential friction when making decisions. D) Can split duties and responsibilties. Show Answer Correct Answer: C) Potential friction when making decisions. 6. Which of the statement is NOT true? A) An entrepreneur will patiently wait for his efforts to bear fruit. B) The profit of the entrepreneur is immediate. C) All entrepreneurs are successful. D) Entrepreneurs are researchers. Show Answer Correct Answer: A) An entrepreneur will patiently wait for his efforts to bear fruit. 7. When entrepreneurs spot an opportunity to trade and make a difference to society? A) Business enterprise. B) Trade enterprise. C) Organic enterprise. D) Social enterprise. Show Answer Correct Answer: D) Social enterprise. 8. Who started Disney? A) Walt Disney. B) Wibur Disney. C) William Disney. D) Washur Disney. Show Answer Correct Answer: A) Walt Disney. 9. What could cause a new business to not be able to keep up with the demand for its new service? A) Failure to apply for a loan or a grant. B) Shortage of trained employees. C) Lack of a good advertising campaign. D) Failure to pay taxes for the new business. Show Answer Correct Answer: B) Shortage of trained employees. 10. Future expansion ofthe business should beincluded in the ..... part of thebusiness plan. A) GrowthPlan. B) Dog. C) Person. D) Boat. Show Answer Correct Answer: A) GrowthPlan. 11. When the entrepreneur markets a new product that emphasizes how unique and special the product is and that other businesses have nothing like it: A) Non-sales competition. B) Sales competition. C) Price competition. D) Non-price competition. Show Answer Correct Answer: D) Non-price competition. 12. ..... are not afraid to take risks. A) Creative. B) Risk-takers. C) Excited. D) Reliable. Show Answer Correct Answer: B) Risk-takers. 13. This is the practice of displaying products from different categories together, in order to generate additional sales from both. Think about a display of mustard above a display of hot-dogs. A) Personal selling. B) Industrial marketing. C) Cross merchandising. D) Visual merchandising. Show Answer Correct Answer: C) Cross merchandising. 14. This is the rivalry among businesses for customers. It forces companies to operate efficiently while keeping prices down and quality up. A) Industrialization. B) Competition. C) Supply. D) Demand. Show Answer Correct Answer: B) Competition. 15. Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs work until the job is done? A) Creative. B) Inquisitive. C) Persistent. D) Self-Condident. Show Answer Correct Answer: C) Persistent. 16. An advantage of entrepreneurship is that entrepreneurs A) Can supervise others. B) Make all decisions by themselves. C) Can work in a field that interests them. D) Do not need to set goals. Show Answer Correct Answer: C) Can work in a field that interests them. 17. How much did Dwayne 'the rock' Johnson earn in 2019? A) $ 92.6 million. B) $ 89.4 million. C) $ 19.5 million. D) $ 115 million. Show Answer Correct Answer: B) $ 89.4 million. 18. Entrepreneurs are primarily connected to A) Globalization Phase I. B) Globalization Phase II. C) Globalization Phase III. D) Feudalism. Show Answer Correct Answer: C) Globalization Phase III. 19. Owner's equity is calculated by A) Subtracting total liabilities from total assets. B) Dividing total liabilities by total assets. C) Subtracting total assets from total liabilities. D) Dividing total assets by total liabilities. Show Answer Correct Answer: A) Subtracting total liabilities from total assets. 20. These are the resources used in the production A) Money, materials, machinery, moments, methods, Manpower. B) Land, Labor, Capital, Materials, Machine. C) Business planning, Capital, Equipment, Materials. D) None of above. Show Answer Correct Answer: A) Money, materials, machinery, moments, methods, Manpower. ← 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