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Entrepreneur Quiz
Entrepreneur Quiz
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#Entrepreneur #Quiz
Flashcards
15 cards
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Questions
15
Answers
1
A business that identifies products to sell that fill customer needs is making which decision
quality control
line extension
customer service
product mix
2
What is a disadvantage of entrepreneurship
Uncertain income
Lower taxes
Fewer resources
Personal satisfaction
3
The entrepreneurial discovery process requires knowledge and the recognition of a(n)
preventable accident
economic crisis
creative observation
market need
4
Which of the following personality traits is often associated with creative people
Acting independently
Shunning recognition and praise
Exhibiting low energy levels
Preferring routine activities
5
Identifying new product opportunities usually requires a person to be
emotional
indifferent
decisive
aware
6
When using mind mapping to generate product ideas you begin by writing down the main problem or
market opportunity
primary associations
situation analysis
supporting facts
7
What is often a positive result of accepting responsibility for a poor decision
You gain others' respect
You control others' opinions
You demonstrate self-importance
You reinforce skeptical attitudes
8
When determining venture-creation opportunities, entrepreneurs must first
select a location
identify staffing needs
obtain financing
conduct research
9
Home-based businesses are attractive to many people because the businesses generally
provide owners a steady income
yield higher profit margins
have lower start-up costs
require less technical training
10
A reliable source of general business start-up information is
the Small Business Administration (www.sba.gov)
the National Retail Federation (www.nrf.com)
Wikipedia (www.wikipedia.org/wiki/Entrepreneurship)
the Project Management Institute (www.pmi.org)
11
Which of the following statements is likely to have negative effect on domestic small business
Involuntary tax reductions
Slow inflation
Restrictive loan policies
Low interest rates
12
The primary goal during the brainstorming process is to
analyze each idea as it is presented
come up with a set number of ideas within a certain time
rate each idea in relation to one another
come up with as many ideas as possible
13
main reasons why small businesses are strongly promoted and supported by local government
They serve only their local communities
They may become a big business
They are important to the economy
They are owned by one person
14
Which of the following is usually a characteristic of a creative person
Likes to seek out new challenges
Prefers working under supervision
Depends on others
Is patient with other people
15
People who are naturally creative often are
mentally flexible
highly educated
physically active
emotionally controlled
