ENTREPRENEURSHIP PRE-TEST
Quiz by Arvin Gara
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- Q1
A person who brings his unique idea to run a start-up company or enterprise.
Entrepreneurship
Businessman
Investor
Entrepreneur
60s - Q2
A person who starts a business on an existing concept or idea
Entrepreneurship
Businessman
Investor
Entrepreneur
60s - Q3
The Last part of a business plan is the __________.
Cover letter
Body
Statement of purpose
Appendix
60s - Q4
Entrepreneurs are best as ___________
Managers
Doers
Planners
Venture Capitalists
60s - Q5
People who buy the products and services that companies offer?
Managers
Researchers
Entrepreneurs
Customers
60s - Q6
Which of the following is the correct definition of accounting equation?
Liabilities = Assets + Owner's Equity
Owner's Equity = Assets + Liabilities
Assets = Liabilities + Owner's Equity
Assets = Liabilities + Initial Owner's Equity
60s - Q7
What "W" in SWOT analysis stand for?
Work
Wedge
Weakness
Worth of Business
60s - Q8
A financial statement that shows the " results of operation".
Income Statement
Change in Equity
Cash Flow
Balance sheet
60s - Q9
______ is a money left after all expenses of running a business have been deducted from the income.
Surplus
Capital
Cost
Profit
60s - Q10
A _______ is a basic requirement for survival
Need
Want
Good
Service
60s - Q11
_____ occurs when demand exceed supply
Need
Production
Scarcity
Want
60s - Q12
People with more _____ are more likely to start a business
Money
Friends
Contact
Education
60s - Q13
The First step in entrepreneurial process is to ___________.
Find a strategic alliance
Identify a business opportunity
Secure Financing
Find a backer
60s - Q14
The name, symbol or design used to identify the product is the _____.
Label
Brand
Package
Model
60s - Q15
The amount of cash need to carry out daily business operation.
Working Capital
Start-up Funds
Venture Capital
Collateral
60s