Entrepreneur Buzzwords

Question 1

Which of the following is NOT a basic economic question?

Accepted Answer

When are you going to produce it?

Question 2

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

Accepted Answer

Majority have never had another job

Question 3

What is a business with ONE owner?

Accepted Answer

Sole Proprietorship

Question 4

A tangible item you can consume is a ________.

Accepted Answer

Good

Question 5

What type of costs are necessary to operate your business?

Accepted Answer

Operational

Question 6

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

Accepted Answer

Patent

Question 7

Which of the following is NOT part of marketing?

Accepted Answer

Paycheck

Question 8

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

Accepted Answer

Niche

Question 9

Which of the following is NOT true of entrepreneurs?

Accepted Answer

Always successful

Question 10

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

Accepted Answer

Surplus

Question 11

Which of the following is NOT a factor of production?

Accepted Answer

Marketing

Question 12

Who is the World's wealthiest entrepreneur?

Accepted Answer

Jeff Bezos

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

Why don't schools teach entrepreneurship?

Accepted Answer

All of the above

Questions 15