This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many billionaires are there in the world? A) 1592. B) 2056. C) 2208. D) 3019. Show Answer Correct Answer: C) 2208. 2. A self-assessment is an evaluation of your A) Hobbies and interests. B) Strengths and weaknesses. C) Past job experience. D) Ability to act quickly. Show Answer Correct Answer: B) Strengths and weaknesses. 3. What percentage of new businesses fail in the first two years? A) 25%. B) 30%. C) 35%. D) 40%. Show Answer Correct Answer: B) 30%. 4. An ..... is directlyaffected by theconsequences of adecision. A) Entrepreneur. B) Employee. C) Enthusiastic. D) Self-confident. Show Answer Correct Answer: A) Entrepreneur. 5. Upon achieving theirgoals, a ..... entrepreneur will lookfor new challenges. A) Restless. B) Action-oriented. C) Goal-oriented. D) Risk-taking. Show Answer Correct Answer: A) Restless. 6. Business entity with two or more owners that share the company's profits and losses. A) Proprietorship. B) Partnership. C) Limited liability company. D) Corporation. Show Answer Correct Answer: B) Partnership. 7. What are the four P's of marketing A) Product, produce, production, price. B) Person, place, produce, practice. C) Promotion, product, practice, price. D) Promotion, place, price, product. Show Answer Correct Answer: D) Promotion, place, price, product. 8. Which of the following probably does NOT describe Bill Gates? A) Independent. B) Someone who seeks approval. C) Creative. D) A risk-taker. Show Answer Correct Answer: B) Someone who seeks approval. 9. It is a proactive process of developing a business venture to make a profit. A) Entrepreneurship as a self-employment decision. B) Entrepreneurship. C) Entrepreneur. D) None of above. Show Answer Correct Answer: B) Entrepreneurship. 10. Which type of business provides a product that is intangible? A) Retailer. B) Wholesaler. C) Manufacturer. D) Service. Show Answer Correct Answer: D) Service. 11. A risk of any business is that someone else might steal your ..... ..... (Your ideas) A) Personal details. B) Financial details. C) Emails. D) Intellectual property. Show Answer Correct Answer: D) Intellectual property. 12. Who is this famous entrepreneur? A) Mark Zuckerberg. B) Steve Jobs. C) Lord Sugar. D) Richard Branson. Show Answer Correct Answer: A) Mark Zuckerberg. 13. The readiness to sacrifice your own security, in order to accomplish your goals. A) Willingness to take risk. B) Businesslike Attitude. C) Ability to make decisions. D) Self-Discipline. Show Answer Correct Answer: A) Willingness to take risk. 14. An entrepreneur is accountable for his/her actions and does what is required. A) Responsible. B) Goal-Oriented. C) Inquisitive. D) Independent. Show Answer Correct Answer: A) Responsible. 15. Losing money, facing an irregularincome, and workinglong hours are allchallenges of being an ..... A) Entrepreneur. B) Self-confident. C) Inquisitive. D) Persistent. Show Answer Correct Answer: A) Entrepreneur. 16. Which of the following is a way that entrepreneurship helps our society: A) Creates new jobs. B) Reduces taxes. C) Eliminates financial concerns. D) Decreases economic growth. Show Answer Correct Answer: A) Creates new jobs. 17. Which of the following is a service business? A) Cmart. B) Vimal Automotive. C) McDonalds. D) None of above. Show Answer Correct Answer: B) Vimal Automotive. 18. The term entrepreneur originates from the French word "entreprendre" which means- A) To take. B) To invest. C) To undertake. D) To earn. Show Answer Correct Answer: C) To undertake. 19. Entrepreneur means: A) Risk taker. B) To undertake. C) To research. D) To improve standard of living. Show Answer Correct Answer: B) To undertake. 20. Who started Ben & Jerry's? A) Ben Cohen & Jerry Seinfeld. B) Ben Cohen & Jerry Greenwald. C) Ben Cohen & Jerry Glenburg. D) Ben Cohen & Jerry Greenfield. Show Answer Correct Answer: D) Ben Cohen & Jerry Greenfield. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books