This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 32 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An estimate of the amount of money that an entity needs to begin a business. A) Startup Costs. B) Pricing. C) Price Comparison. D) Organizational Structure. Show Answer Correct Answer: A) Startup Costs. 2. ..... keep on conceiving new ideas to develop alternative projects A) Pure entrepreneur. B) Motivated entrepreneur. C) Professional entrepreneur. D) Induced entrepreneur. Show Answer Correct Answer: C) Professional entrepreneur. 3. Which of the following are assets? A) Time. B) Money. C) All of the above. D) None of above. Show Answer Correct Answer: C) All of the above. 4. The individual who started Microsoft. A) Steve Jobs. B) Bill Gates. C) Dave Thomas. D) Ray Kroc. Show Answer Correct Answer: B) Bill Gates. 5. Personal characteristics of successful entrepreneurs include A) Persistence. B) Recklessness. C) Greed. D) Pessimism. Show Answer Correct Answer: A) Persistence. 6. Which of the following is NOT considered a risk of being an entrepreneur? A) Providing value to others. B) Potential Business Failure. C) Long hours and hard work. D) Financial Insecurity. Show Answer Correct Answer: A) Providing value to others. 7. What is Innovation? A) Invention or creation that is brand new. B) Designed change that increase usefulness. C) Another source of money for some new businesses. D) Start a new business. Show Answer Correct Answer: A) Invention or creation that is brand new. 8. Being consistent in your actions, values, attitudes, principles, and methods A) Integrity. B) Courtesy. C) Intelligent. D) Humorous. Show Answer Correct Answer: A) Integrity. 9. Shark Tank is a reality TV program that allows entrepreneurs to pitch their business ideas to a panel of venture capitalists. What is a venture capitalist? A) Investor. B) Banker. C) Judge. D) Lawyer. Show Answer Correct Answer: A) Investor. 10. The idea of returning the favor to those who have done good deeds. A) PAKIKIPAGKAPWA-TAO. B) PAKIKIBAGAY. C) PAGKAMATIPID. D) UTANG NA LOOB. Show Answer Correct Answer: D) UTANG NA LOOB. 11. Is a person that works forsomeone else. A) Employee. B) Entrepreneur. C) Enthusiastic. D) Entrepreneur. Show Answer Correct Answer: A) Employee. 12. What is the term that:allows for expansion and competition. Creates new demand and helps form niche markets? A) Segmentation. B) Globalization. C) Trending movement. D) Sector marketing. Show Answer Correct Answer: B) Globalization. 13. A ..... is a document that thoroughly explains a business idea and how it will be carried out. A) Marketing plan. B) Financial analysis. C) Business plan. D) None of above. Show Answer Correct Answer: C) Business plan. 14. What is also innovation? A) 1. Creating or finding old products. B) 2.Creating new methods of production. C) 3. Working in existing markets only. D) 4. Using existing sources of raw material. Show Answer Correct Answer: B) 2.Creating new methods of production. 15. Deciding how much to charge for goods and services. A) Marketing. B) Goods. C) Pricing. D) Selling. Show Answer Correct Answer: C) Pricing. 16. Even when times are tough for Caitlin's business venture, she tends to remain positive-she looks at the glassas half full rather than half empty. What characteristic of entrepreneurship is Caitlin exhibiting? A) Organization. B) Optimism. C) Innovation. D) Determination. Show Answer Correct Answer: B) Optimism. 17. Who is a manager within a company that promotes innovative product development and marketing? A) Small business owner. B) Manager. C) Entrepreneur. D) Intrapreneur. Show Answer Correct Answer: D) Intrapreneur. 18. Which of the following is the activity of a business entrepreneur? A) Production. B) Operation. C) Marketing. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. The currentcompetition is discussedin the ..... part of the businessplan. A) Market Analysis. B) Dog. C) Person. D) Boat. Show Answer Correct Answer: A) Market Analysis. 20. Which of the following is NOT one of the five common myths about entrepreneurs? A) Entrepreneurs are tenacious. B) Entrepreneurs are moderate risk takers. C) Entrepreneurs should be young and energetic. D) Entrepreneurs love the spotlight. Show Answer Correct Answer: A) Entrepreneurs are tenacious. ← 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