QUIZ 1

Grade 25.00 out of 25.00 (100%)

Question 1
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:

All of the above

Reap impressive profits

Do what you enjoy and to have fun at it

Contribute to society and to be recognized for your efforts

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Question 2
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Question text
Any activity which is undertaken with an intention to earn profit is called __________ .

Select one:

business

credit
asset

employment
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Question 3
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

Social entrepreneurs

All of the above

Corporate dropouts

Retiring baby boomers

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Question 4
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According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are
most likely to launch businesses when they are between the ages of 35 and 44.

Select one:
True
False

Question 5
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

Women entrepreneurs

Minority-owned enterprises

All of the above

Young entrepreneurs
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Question 6
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Failure is a natural part of the creative process.
Select one:
True
False

Question 7
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Question text
Successful entrepreneurs learn to fail intelligently.

Select one:
True
False

Question 8
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Weak Marketing Efforts

Failure to develop a strategic Plan

Uncontrolled Growth

All of the above

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Question 9
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:

Complete responsibility

All of the above

High levels of stress

Discouragement
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Question 10
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Entrepreneurs tend to exhibit __________ .
Select one:

Flexibility

All of the above

Tolerance for ambiguity

A high degree of commitment

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Question 11
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Entrepreneurs tend to exhibit __________ .

Select one:

Tenacity

A willingness to work hard

All of the above

none of the above

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Question 12
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Entrepreneurs are paralyzed by the prospect of failure.
Select one:
True
False

Question 13
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

Determination

Desire for immediate feedback

All of the above

High level of energy

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Question 14
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Question text
Most entrepreneurs turn to family members and friends for _________ .

Select one:

capital
love

support

motivation
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Question 15
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

Corporate castoffs

Family businesses

Copreneurs

All of the above

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Question 16
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 Question text
Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

Future orientation – opportunity, necessity, and serial entrepreneurs

Value achievement over money

All of the above

Skilled at organizing
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Question 17
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Poor Location

Incorrect Pricing

Improper Inventory Control

All of the above

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Question 18
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:
a.
Immigrant entrepreneurs

b.
Home-based businesses

c.
All of the above

d.
Part-time entrepreneurs
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Question 19
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Management Mistakes

Lack of Experience
Poor Financial Controls

All of the above

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Question 20
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:

All of the above

Risk of losing your entire investment

Uncertainty of income

Long hours and hard work

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Question 21
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According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as
likely to start a business as women.
Select one:
True
False

Question 22
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

All of the above

Desire for responsibility

Confidence in their ability to succeed

Preference for moderate levels of risk – risk eliminators

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Question 23
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Question text
One characteristic of entrepreneurs that stands out is __________ .

Select one:

hard work
originality

Diversity

hospitality
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Question 24
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:

Reach your full potential

Make a difference

All of the above

Create your own destiny

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Question 25
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 Question text
One who creates a new business in the face of risk and uncertainty for the purpose of
achieving profit and growth by identifying opportunities and assembling the necessary
resources to capitalize on them.

Select one:

stakeholder

distributor

entrepreneur

business owner
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