Entrepreneur Buzzwords

Question 1

What do you need to ensure others don't make, use or sell your invention?

Accepted Answer

Patent

Question 2

A tangible item you can consume is a ________.

Accepted Answer

Good

Question 3

Which of the following is NOT part of marketing?

Accepted Answer

Paycheck

Question 4

What is it called when you have MORE supply than demand?

Accepted Answer

Surplus

Question 5

What is it called when you focus on a specific segment of a population?

Accepted Answer

Niche

Question 6

Which of the following is NOT true of entrepreneurs?

Accepted Answer

Always successful

Question 7

Why don't schools teach entrepreneurship?

Accepted Answer

All of the above

Question 8

Which of the following is NOT a basic economic question?

Accepted Answer

When are you going to produce it?

Question 9

Who is the World's wealthiest entrepreneur?

Accepted Answer

Jeff Bezos

Question 10

What is a business with ONE owner?

Accepted Answer

Sole Proprietorship

Question 11

Which of the following is NOT a factor of production?

Accepted Answer

Marketing

Question 12

What type of costs are necessary to operate your business?

Accepted Answer

Operational

Question 13

How are MOST entrepreneurs funded?

Accepted Answer

Self Funding

Question 14

Which of the following is NOT one of the best countries for entrepreneurs?

Accepted Answer

Chad

Question 15

Which of the following is NOT true of the "typical" entrepreneur?

Accepted Answer

Majority have never had another job

Questions 15