Entrepreneurship Pre/Post Test

What is your Gender

• Male

• Female

Which is NOT a characteristic of an entrepreneur?

• Creative

• Irresponsible

• Organized

• Risk Taker

Which of the following term is the act of assuming the risk of organizing productive resources to produce goods and services?

• Risk Management

• Critical Thinking

• Entrepreneurship

• Business

Which of the following is a fixed expense?

• Rent of lease payments

• Sales commissions

• Advertising Costs

• Raw material costs

Which of the following refers to a company's sale over a period of time

• Revenue

• Profit

• Budget

• Expenses

Which of the following is NOT a marketing strategy?

• Social Media Advertising

• Influencer Marketing

• Fixed Budgeting

• Competitive Pricing

Which of the following is a marketing strategy?

• Ordering more raw materials for production

• Renting a larger officer space

• Offering discounts to loyal customers

• Hiring new employees

What is the minimum amount you save as a percentage of your income?

• 20%

• 15%

• 10%

• 5%

Which of the following is a business process of creating relationship with and satisfying customers?

• Research

• Goal Setting

• Marketing

• Advertisement

Loss occurs when:

• Fixed expenses are greater than variable expenses

• There is no revenue generated by the business

• Total income exceeds total expenses

• Total expenses exceed total income