Entrepreneurs Quiz 7 (20 MCQs)

Quiz Instructions

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1. Entrepreneurs are not limited by work hours and work locations. Aside from being ....., entrepreneurs also work smart.

Correct Answer: A) Hardworking.

2. Process of examining the advantages and disadvantages of each available choice and then making a decision.

Correct Answer: B) Cost/benefit analysis.

3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.

Correct Answer: B) Imitating.

4. Electronic advertisement that you pay other companies or organizations to embed on their websites.

Correct Answer: A) Web banner.

5. The mental and physical drive to succeed, to accomplish chosen tasks on your own terms.

Correct Answer: C) Motivation.

6. Hiring someone to wear a Statue of Liberty costume to stand on a busy street corner to promote the entrepreneur's new business is an example of:

Correct Answer: D) Guerrilla marketing.

7. Business entity that is easy to start and has a single owner.

Correct Answer: A) Proprietorship.

8. Who started Dairy Queen?

Correct Answer: D) Sherwood Noble.

9. Setting and achievinggoals is a characteristicof a ..... entrepreneur.

Correct Answer: A) Goal-oriented.

10. Which of the following is not a current liability?

Correct Answer: D) Collected state sales taxes.

11. Pick the odd one out

Correct Answer: C) Recruitment.

12. Belief in oneself and one's own abilities with an expectation to be successful.

Correct Answer: C) Self-Confidence.

13. Which television show is NOT about Entrepreneurs?

Correct Answer: D) Business Builder.

14. This advertising media includes outside signs, billboards, messages on buildings, signs on buses or taxies, or benches.

Correct Answer: A) Outdoor.

15. What is a trend that affects the growth of entrepreneurial ventures?

Correct Answer: C) A higher demand for more convenience products.

16. The roles an entrepreneur may do when starting their business

Correct Answer: D) All of them.

17. "Sticking" it out through distractions to get the job done.

Correct Answer: B) Concentration.

18. Computer skills are essential in almost every business.

Correct Answer: A) Technical Skills.

19. The means through which good and services are produced are called:

Correct Answer: D) Economic resources.

20. A business that performs tasks for customers.

Correct Answer: B) Service business.