This quiz works best with JavaScript enabled. Home > Entrepreneurship > General > Entrepreneurs – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurs Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Entrepreneurs always value time as their most importance resource, so they never waste it. A) Time-conscious. B) Resourceful. C) Risk Taker. D) Business Planner. Show Answer Correct Answer: A) Time-conscious. 2. The characteristics of entrepreneurship is/are ..... A) Desire for responsibility. B) Future orientation. C) Desire for immediate feedback. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. This media includes magazines and newspapers: A) Outdoor. B) Direct Mail. C) Broadcast. D) Print. Show Answer Correct Answer: D) Print. 4. How do you spell the Name of this class? A) Entreprenership. B) Entrepreneurship. C) Entreprenuership. D) Enterpreneurship. Show Answer Correct Answer: B) Entrepreneurship. 5. Which of the following motivates entrepreneurs to accept the risk of failure? A) The ability to earn a profit. B) The ability to earn a degree. C) The ability to earn materials. D) The ability to express creativity. Show Answer Correct Answer: A) The ability to earn a profit. 6. A person who organizes, manages and assumes the risk of starting a business a called ..... A) A purchasing agent. B) A change. C) A facilitator. D) An entrepreneur. Show Answer Correct Answer: D) An entrepreneur. 7. Entrepreneurs do not divert their attention away from what they wanted to do. A) Visionary. B) Success-oriented. C) Undivided focus. D) Hardworking. Show Answer Correct Answer: C) Undivided focus. 8. Creative destruction is the process whereby products, processes, ideas and businesses are replaced with better ones." Which of the following theorists made this proposition? A) Peter Drucker. B) Jean Baptiste Say. C) Richard Cantillon. D) Joseph Schumpeter. Show Answer Correct Answer: D) Joseph Schumpeter. 9. Who is the father of aviation in Georgia? The Atlanta airport carries his name? A) Ivan Allen Jr. B) William Hartsfield. C) Eugene Talmadge. D) Ellis Arnall. Show Answer Correct Answer: B) William Hartsfield. 10. Entrepreneur from the business families are called A) State entrepreneur. B) Joint entrepreneur. C) Urban entrepreneur. D) Classical entrepreneur. Show Answer Correct Answer: D) Classical entrepreneur. 11. ..... engage in business as a matter of routine . A) Classical entrepreneur. B) First generation entrepreneur. C) Private entrepreneur. D) Public entrepreneur. Show Answer Correct Answer: A) Classical entrepreneur. 12. The combination of the four basic marketing decisions-product, place, price, and promotion: A) Marketing mix. B) Target marketing. C) Marketing concept. D) Demographics. Show Answer Correct Answer: A) Marketing mix. 13. Why is becoming an Entrepreneur exciting? A) 1.Freedom to work and pursue an opportunity or purpose the entrepreneur believes in. B) 2. Satisfaction of being own boss. C) 3. Power to do things as he likes. D) 4. Frustration due to availability of limited capital and other resources. Show Answer Correct Answer: A) 1.Freedom to work and pursue an opportunity or purpose the entrepreneur believes in. 14. Identifying the target market for a product allows an entrepreneur to ..... A) Worry less about the future of their business. B) Develop plans for expanding their business. C) Market the product to specific people. D) Better budget their time and money. Show Answer Correct Answer: C) Market the product to specific people. 15. How/where a product will be distributed A) Price. B) Place. C) Promotion. D) Product. Show Answer Correct Answer: B) Place. 16. A method of analyzing a competitor's cost of a product. A) Startup Costs. B) Pricing. C) Price Comparison. D) Organizational Structure. Show Answer Correct Answer: C) Price Comparison. 17. An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business A) Serial entrepreneur. B) Novice entrepreneur. C) Habitual entrepreneur. D) Portfolio entrepreneur. Show Answer Correct Answer: B) Novice entrepreneur. 18. Which is more important when doing planning for your business? A) Short-term planning. B) Long-term planning. C) Both short and long-term planning. D) Neither short nor long-term planning. Show Answer Correct Answer: C) Both short and long-term planning. 19. A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride A) Amor Propio. B) Bahala Na System. C) Balimbing. D) Ningas Kugon. Show Answer Correct Answer: A) Amor Propio. 20. Entrepreneurial mindset has the key features as A) 1. Maximize the importance of failure and rejection in their life. B) 2. Feel dejected when things are difficult. C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. D) 4. Leading a stressful life. Show Answer Correct Answer: C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. ← PreviousNext →Related QuizzesEntrepreneurship QuizzesEntrepreneurs Quiz 1Entrepreneurs Quiz 2Entrepreneurs Quiz 3Entrepreneurs Quiz 4Entrepreneurs Quiz 5Entrepreneurs Quiz 6Entrepreneurs Quiz 7Entrepreneurs Quiz 8Entrepreneurs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books