Introduction to Entrepreneurship Quiz

Which is NOT a characteristic of a successful entrepreneur?

• Motivated

• Passionate

• Takes very little risk

• Hard-working

What is an entrepreneur?

• A person who is in charge of a specific location.

• A person who organizes and operates a business or businesses.

• A person who works for someone else in order to learn skills.

• None of these

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

• Logo

• Trademark

• Copyright

• Slogan

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You do not always receive a regular paycheck

• You have a more flexible schedule

• Your work schedule is always predictable

Which of the following is not a common reason for entrepreneurial failure?

• poor
  implementation

• faulty product 
  design

• adequate financial support

• 
  lack of capital

_{Bankers say that most business fail because _____ inability to plan properly.}

• investors

• entrepreneurs

• marketers

• consultants

What is the most common reason given for why people choose to become entrepreneurs?

• to make a lot of money

• to be able to retire early

• to be their own boss

• to escape the long hours associated with corporate jobs

Which of the following is a reward of entrepreneurship? 

• relying on
  cash flow

• flexibility
  and power

• estimating popular cash

• donating personal time

Who would NOT be considered an entrepreneur?

• A doctor who starts their own practice

• A doctor who wrote a book in their spare time

• A doctor who works at a hospital

• A doctor who opens consultation in a holiday

Why do entrepreneurs have trouble obtaining money to start their own business?

• Banks don't offer loans to entrepreneurs

• Banks only want to loan money to large corporations

• Banks are concerned about entrepreneurs repaying their loan