Entrepreneurship Quiz 1^{Entrepreneurship}

Twelve question quiz.

This quiz has a time limit of 24 minutes.

By Simran Bally on Mar 28, 2024

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1. Which of the following attributes best describes an entrepreneur?

a. Gentle
b. Humble
c. Visionary
d. Risk averse

2. Bob, the owner of the Motley Group of Companies, recently diversed his venture. Which of the following types of entrepreneurs best describes Bob?

a. Serial
b. Novice
c. Nascent
d. Portfolio

3. Which of the following factors is most likely to contribute to an entrepreneur's success?

a. Knowing the business in depth B.
b. Keeping communication open
c. Possessing a sense of humour
d. Focusing on working hard

4. George reviews his finances at the end of each year to determine the resources needed to improve his business in the following year. Which of the characteristics of an entrepreneur does George display?

a. Hardworking
b. Self-confident
c. Systematic planner
d. Achievement oriented

5. Which of the following factors is the major difference between entrepreneurship and small business management?

a. Management style
b. Size of business
c. Innovation
d. Growth

6. Which of the following characteristics best differentiates the entrepreneurial-minded person from the ordinary manager? The entrepreneurial-minded person;

a. Think logically.
b. Is a calculated risk taker.
c. Approaches problem solving.
d. Possesses greater financial skills.

7. Which of the following are mistakes that entrepreneurs normally make? (i)Conduct inadequate market research. (ii)Focus too much on the customer. (iii)Enter a venture or ventures with limited experience.

a. 1 and 2 only.
b. 1 and 3 only.
c. 2 and 3 only.
d. 1, 2 and 3.

8. Which of the following characteristics of large organisations can easily give rise to a culture of intrapreneurship?

a. Impersonal relationships
b. Multiple levels of management
c. Setting rigid performance standards
d. Investment in research and development.

9. Sandra operates her own bed and breakfast accommodation. This operation meshes with her love for hosting guests and should eventually provide the personal freedom and independence she desires. Which category of entrepreneur does Sandra best fit?

a. Asset
b. Survival
c. Lifestyle or
d. Part-time

10. Drivers of Contemporary Entrepreneurship include (i) Technology (ii) Globalisation (iii) Stable Demand

a. 1 and 2 only.
b. 1 and 3 only.
c. 2 and 3 only.
d. 1, 2 and 3.

11. Participants with different design concepts of a product line are known as

a. Marketing Skills
b. Modular Innovation
c. Marketing Segmentation
d. Entrepreneurial Talent

12. At which level within the organization is innovation best applied?

a. General
b. Formal
c. Macro
d. Micro

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