This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is NOT a common characteristic of an entrepreneur? A) Risk taker. B) Organized. C) Creative. D) Irresponsible. Show Answer Correct Answer: D) Irresponsible. 2. Which characteristic of entrepreneurs allows you to find new ways to solve financial or operational problems? A) Creative. B) Determination. C) Self-Confident. D) Independent. Show Answer Correct Answer: A) Creative. 3. A person who is associated with starting a business is know as A) Merchant. B) Entrepreneur. C) Salesman. D) Businessman. Show Answer Correct Answer: B) Entrepreneur. 4. It is a personality factor which means "doing things even before being told." A) Proactive. B) Perseverance. C) Persuasion. D) Initiative. Show Answer Correct Answer: D) Initiative. 5. A small business has fewer than ..... employees. A) 10. B) 50. C) 100. D) 500. Show Answer Correct Answer: D) 500. 6. Who founded Nike? A) Calvin Nike. B) Mike Lauder. C) David filo. D) Phil Knight. Show Answer Correct Answer: D) Phil Knight. 7. The ..... part of the business planprovides direction andguiding principles for thebusiness. A) Vision andMission Statement. B) Dog. C) Boat. D) Statement. Show Answer Correct Answer: A) Vision andMission Statement. 8. Who lends money in order to earn money? A) Entrepreneurs. B) Investors. C) Employees. D) Consumers. Show Answer Correct Answer: B) Investors. 9. How much did Lionel Messi earn in 2019? A) $ 31.6 million. B) $ 1.6 million. C) $ 127 million. D) $ 165 million. Show Answer Correct Answer: D) $ 165 million. 10. This refers to the quantity of a product consumers are willing and able to purchase at a given price A) Industrialization. B) Competition. C) Supply. D) Demand. Show Answer Correct Answer: D) Demand. 11. Basic arithmetic and knowledge of basic record keeping are needed for the entrepreneur to make purchase decisions, calculate profit, and complete financial statements. A) Math Skills. B) Technical Skills. C) Human Relations Skills. D) Communication Skills. Show Answer Correct Answer: A) Math Skills. 12. Gopal tooth powder is an example of A) Fabian entrepreneur. B) Drone entrepreneur. C) Corporate entrepreneur. D) Retail entrepreneur. Show Answer Correct Answer: B) Drone entrepreneur. 13. The percentage of businesses in the United States that employ fewer than 20 people is? A) 9%. B) 80%. C) 45%. D) 89%. Show Answer Correct Answer: D) 89%. 14. Identify the celebrity investor who has made millions by investing in start up companies like Uber and Air BnB A) Justin Timberlake. B) George Clooney. C) Ashton Kutcher. D) Beyonce. Show Answer Correct Answer: C) Ashton Kutcher. 15. Which of the following is NOT a function of an entrepreneur? A) Skills management. B) Risk taking. C) Conduct research. D) Make no changes with his product. Show Answer Correct Answer: D) Make no changes with his product. 16. An entrepreneur must be.. A) Organized. B) Disorganized. C) Lazy. D) None of above. Show Answer Correct Answer: A) Organized. 17. Is a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. A) Investors. B) Entrepreneur. C) Manager. D) Self-employed. Show Answer Correct Answer: B) Entrepreneur. 18. Which kind of business opportunity is like buying a business kit? A) Starting a new business from scratch. B) Buying a franchise. C) Buying an existing business. D) None of above. Show Answer Correct Answer: B) Buying a franchise. 19. Entrepreneurs develop a plan of action and must make decisions to help achieve that plan. A) Goal-Oriented. B) Independent. C) Self-Confident. D) Risk-Takers. Show Answer Correct Answer: A) Goal-Oriented. 20. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? A) Judge Each Idea as Realistic or Not. B) Draw Idea Maps. C) Think Backward. D) None of above. Show Answer Correct Answer: A) Judge Each Idea as Realistic or Not. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 9Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books