This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The process of starting a new business A) Apprenticeship. B) Entrepreneurship. C) Internship. D) Job. Show Answer Correct Answer: B) Entrepreneurship. 2. Which of the following is a KEY characteristic for a successful entrepreneur A) Ability to work hard. B) Technical skills. C) Access to personal money. D) Eye for an opportunity. Show Answer Correct Answer: D) Eye for an opportunity. 3. The individual who started Apple. A) Steve Jobs. B) Bill Gates. C) Dave Thomas. D) Ray Kroc. Show Answer Correct Answer: A) Steve Jobs. 4. It is the competition that energizes entrepreneurs A) Goal-oriented. B) Hardworking. C) Excited to compete. D) Ack of all trades. Show Answer Correct Answer: C) Excited to compete. 5. It is the difference between entrepreneurship and perceptions of luck and gambling. A) Bodily takes calculated risk. B) Creative and innovative. C) Demands quality results. D) Finds opportunity in crisis. Show Answer Correct Answer: A) Bodily takes calculated risk. 6. Which function of business creates or obtains products or services for a business to sell? A) Production. B) Management. C) Promotion. D) Competition. Show Answer Correct Answer: A) Production. 7. Choose the type of entrepreneur that isn't based on function A) Innovative. B) Classical. C) Fabian. D) Drone. Show Answer Correct Answer: C) Fabian. 8. ..... entrepreneurs have natural inclination to start venture . A) Modern. B) Classical. C) Motivated. D) Spontaneous. Show Answer Correct Answer: D) Spontaneous. 9. Which of the following is NOT a method of generating a venture idea? A) Training. B) Checklist. C) Notebook. D) Brainstorming. Show Answer Correct Answer: A) Training. 10. Business entrepreneur is called A) Solo entrepreneur. B) Trading entrepreneur. C) Industrial entrepreneur. D) Agricultural entrepreneur. Show Answer Correct Answer: A) Solo entrepreneur. 11. Products you can see and touch are called: A) Services. B) Factors of production. C) Economic resources. D) Goods. Show Answer Correct Answer: D) Goods. 12. Writing a business plan can ensure that an entrepreneur ..... A) Figures out how to make her business work. B) Meets his target revenue goals. C) Achieves her expense projections. D) None of above. Show Answer Correct Answer: A) Figures out how to make her business work. 13. Entrepreneurs are curious and ask the right questions. A) Persistent. B) Creative. C) Self Confident. D) Inquisitive. Show Answer Correct Answer: D) Inquisitive. 14. What is confidence? A) Not being afraid of things going wrong. B) Thinking of new ideas which will be successful. C) Believing in yourself and that you will succeed. D) Thinking you are the best in everything. Show Answer Correct Answer: C) Believing in yourself and that you will succeed. 15. Rewards of Entrepreneurship A) Being your own Boss. B) Doing what you enjoy. C) Having the opportunity to be creative. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 16. An entrepreneur who is involved in technological changes in producing goods and services is called a A) A technopreneur. B) A cyberpreneur. C) An intrapreneur. D) A copreneur. Show Answer Correct Answer: A) A technopreneur. 17. What does a SWOT analysis evaluate? A) A. Strengths, Weaknesses, Opportunities, Threats. B) Symptoms, Weaknesses, Opportunities, Threats. C) Strengths, Weaknesses, Opposition, Threats. D) Strengths, Weaknesses, Opportunities, Targets. Show Answer Correct Answer: A) A. Strengths, Weaknesses, Opportunities, Threats. 18. Creativity A) The desire to be your own boss. B) Never showing discouragement, always thinking of new ways to approach a problem and acting on your ideas. C) Being capable of doing the work and enjoying it. D) The ability to come up with clever, workable solutions. Show Answer Correct Answer: D) The ability to come up with clever, workable solutions. 19. The importance of information and communication technology (ICT) to entrepreneurs is to ..... A) Attract very few customers. B) Enable the company to be visited without time restrictions. C) Immediately get a customer to buy their product. D) Maximized management costs. Show Answer Correct Answer: D) Maximized management costs. 20. They are very practical, and their decisions and actions are grounded. While they perceived to be outsmarting others, they are in fact simply determined to get what they want and to win. A) Xtremely Smart. B) Zealously Energetic. C) Winning Attitude. D) Yearning to learn. Show Answer Correct Answer: A) Xtremely Smart. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 9Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books