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Entrepreneurship - Quiz #1

Quiz by Julie Keane

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11 questions
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  • Q1
    True or False: An entrepreneur is a person who is willing to take financial risks in the hunt for new business opportunities.
    False
    True
    30s
  • Q2
    Which of the following is like buying a business kit that already includes widespread name and brand recognition?
    Buying a franchise
    Buying an existing business
    Starting a new business
    30s
  • Q3
    Which of the following is NOT a place where aspiring entrepreneurs can go to get their questions answered?
    House of Representatives
    Internet
    Chamber of Commerce
    Other entrepreneurs
    30s
  • Q4
    A business that operates out of an entrepreneur's home is called a
    Small business
    Franchise
    Home-based business
    30s
  • Q5
    Do internet-based businesses always have a physical location?
    No
    Yes
    30s
  • Q6
    Which of the following is the specific audience that a company hopes to sell its product?
    Market share
    Target market
    Market segment
    30s
  • Q7
    Which is NOT a good way for entrepreneurs to get involved in their communities?
    Go to different places in town begging for money
    Donate products to different charities
    Sponsor community events
    Give discounts to non-profit organizations
    30s
  • Q8
    Does knowing what the customer wants help the business sell more products and services?
    Yes
    No
    30s
  • Q9
    True or False: Businesses getting involved in the community promotes their business and brings in customers.
    False
    True
    30s
  • Q10
    True or False: Marketing is the act or process of tracking business records, maintaining a budget, and ensuring profit.
    True
    False
    30s
  • Q11
    Which of the following does the business NOT have to keep in mind when looking for facilities?
    Space
    Competitors
    Location
    Cost
    30s

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