This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is an Entrepreneur? A) 1. A person who works for someone. B) 2. A person who purposefully works to create or run a business to achieve an objective. C) 3. A person who a buys a successful business. D) 4. A person who teaches business at college. Show Answer Correct Answer: B) 2. A person who purposefully works to create or run a business to achieve an objective. 2. This is a type of entrepreneurship that allows a person the right to sell another company's product or service for profit in a certain area. A) Profit. B) Merger. C) Franchise. D) Business Plan. Show Answer Correct Answer: C) Franchise. 3. This is an excellent way for the entrepreneur to find customers. Business representatives attending these are usually the decision-makers for the businesses they represent. A) Industrial Conference. B) Stockholder's Meeting. C) Trade Show. D) Christmas Party. Show Answer Correct Answer: C) Trade Show. 4. In the early stages of a start-up business, entrepreneurs assume sole responsibility for A) Global economic growth rates. B) All aspects of their businesses. C) The daily activities of competitors. D) Reducing the need for financial records products. Show Answer Correct Answer: B) All aspects of their businesses. 5. Who founded Barbie? A) Ruth Handler. B) Oprah Winfrey. C) Martha Stewart. D) Joyce Hall. Show Answer Correct Answer: A) Ruth Handler. 6. To combine ideas with others to produce or create something A) Collaborate. B) Work alone. C) Produce. D) Create. Show Answer Correct Answer: A) Collaborate. 7. The rate at which a company spends cash to cover overhead costs without generating a positive cash flow A) Cash rate. B) Burn rate. C) Cash flow rate. D) Liabilities. Show Answer Correct Answer: B) Burn rate. 8. The ..... is the part of thebusiness plan thatdiscusses the productionand delivery of theproduct or service. A) Operational Plan. B) Dog. C) Person. D) Boat. Show Answer Correct Answer: A) Operational Plan. 9. Aptitude is the ability to A) Act quickly. B) Evaluate interests. C) Learn a particular kind of job. D) All of these. Show Answer Correct Answer: C) Learn a particular kind of job. 10. Entrepreneurs want to make their own decisions. They set their own schedules and are able to work without supervision. A) Independent. B) Self-Confident. C) Risk-Takers. D) Persistent. Show Answer Correct Answer: A) Independent. 11. This is the founder of Microsoft !!! A) Bill Gates. B) John D Rockefeller. C) Jeff Bezos. D) None of above. Show Answer Correct Answer: A) Bill Gates. 12. Who founded Kentucky Fried Chicken? A) Collin Sample. B) Calvin Schultz. C) Kennedy Kentucky. D) Colonel Sanders. Show Answer Correct Answer: D) Colonel Sanders. 13. ..... entrepreneur supply services unlike A) Hoteliers. B) Banking. C) Airlines. D) Livestock. Show Answer Correct Answer: D) Livestock. 14. Media mogul, talk show host, actress, producer, and philanthropist. Likely the only female African-American billionaire in America! A) Oprah Winfrey. B) Kim Kardashian. C) Antonia Kidman. D) Ellen. Show Answer Correct Answer: A) Oprah Winfrey. 15. Business opportunities could include A) Franchises, family business & hobbies. B) Family business, interests, & trends. C) Hobbies, interests, & making money. D) Franchises, games, & solutions. Show Answer Correct Answer: A) Franchises, family business & hobbies. 16. Barriers to entry in an oligopoly are: A) Very low. B) Low. C) High. D) Very high. Show Answer Correct Answer: C) High. 17. Bankers say that most business fail because ..... inability to plan properly. A) Investors. B) Marketers. C) Entrepreneurs. D) Consultants. Show Answer Correct Answer: C) Entrepreneurs. 18. These relate to the knowledge and proficiency in a specialized field like computer technology, accounting and marketing. A) Technical skills. B) Cognitive skills. C) Interpersonal skills. D) None of above. Show Answer Correct Answer: A) Technical skills. 19. What are successful entrepreneurs willing to do? A) Play it safe. B) Get a loan. C) Hurt people. D) Take risks. Show Answer Correct Answer: D) Take risks. 20. A person doing medical billing from their den is an example of a/an A) Corporate freelance business. B) Franchise. C) Home-based business. D) Internet-based business. Show Answer Correct Answer: C) Home-based business. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books