QUIZ – ENTREPRENEURSHIP

Name:____________________ Roll No. ___________________

1 2 3 4 5

1. The entrepreneur who is committed to the entrepreneurial effort because it makes good
business sense is classed as a/an _____.

a. Inventor d. Craftsman
b. Opportunist e. Craftsperson
c. Hacker

2. Some entrepreneurs report that the financial rewards associated with entrepreneurship can be
bittersweet if they are accompanied by ________.
a. Modest upside potential c. Motivating factors
b. The thrill of starting a business d. Losing control of the firm

3. What do you call small firms that yield a level of income for their owner that is similar to what
they would earn when working for an employer?

a. Sole proprietorship c. Lifestyle firm

b. Small business d. Salary-substitute firm
4. Bobby believes that what takes place within his new company is mostly the result of fate or
factors that are outside of his control. It could be stated that Bobby possesses a/an ______.

a. Innovative spirit d. High need for achievement

b. Intrapreneurship e. External locus of control
c. Internal locus of control

5. Melissa is one of the newest and most successful entrepreneurs in the technology industry. She
handles numerous dealings with other companies for the exchange of goods and services. Her
primary goal is to ensure that all parties involved receive favorable and acceptable terms.
Melissa is most probably excellent at the entrepreneurial skill of _______.

a. Negotiating d. Analysis
b. Networking e. Alliance building
c. Leadership