Prelim Quiz 1

Started on Thursday, 4 May 2023, 2:02 PM

State Finished
Completed on Thursday, 4 May 2023, 2:07 PM
Time taken 5 mins 6 secs
Marks 24.00/25.00
Grade 96.00 out of 100.00
Question 1
Correct
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Question text
Entrepreneurs tend to exhibit __________ .

Select one:

A high degree of commitment

Flexibility

Tolerance for ambiguity

All of the above

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Question 2
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:

High levels of stress

Complete responsibility

Discouragement

All of the above

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Question 3
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

a.
Immigrant entrepreneurs

b.
Home-based businesses

c.
Part-time entrepreneurs

d.
All of the above
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Question 4
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According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are
most likely to launch businesses when they are between the ages of 35 and 44.
Select one:
True
False

Question 5
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:

All of the above

Long hours and hard work

Risk of losing your entire investment

Uncertainty of income
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Question 6
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

Minority-owned enterprises

All of the above

Women entrepreneurs
Young entrepreneurs
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Question 7
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One who creates a new business in the face of risk and uncertainty for the purpose of
achieving profit and growth by identifying opportunities and assembling the necessary
resources to capitalize on them.

Select one:

stakeholder

business owner

distributor

entrepreneur
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Question 8
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Successful entrepreneurs learn to fail intelligently.

Select one:
True
False

Question 9
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

Value achievement over money

Skilled at organizing

Future orientation – opportunity, necessity, and serial entrepreneurs

All of the above

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Question 10
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Most entrepreneurs turn to family members and friends for _________ .

Select one:

capital

support

love

motivation
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Question 11
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Uncontrolled Growth

Failure to develop a strategic Plan

Weak Marketing Efforts

All of the above

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Question 12
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Management Mistakes

Poor Financial Controls

Lack of Experience

All of the above

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Question 13
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

All of the above

Corporate dropouts

Retiring baby boomers

Social entrepreneurs
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Question 14
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Entrepreneurs tend to exhibit __________ .

Select one:

Tenacity

All of the above

none of the above

A willingness to work hard

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Question 15
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One characteristic of entrepreneurs that stands out is __________ .

Select one:

originality

Diversity

hospitality

hard work
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Question 16
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:

Create your own destiny

Reach your full potential

All of the above

Make a difference
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Question 17
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:

All of the above

Do what you enjoy and to have fun at it

Reap impressive profits

Contribute to society and to be recognized for your efforts

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Question 18
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According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as
likely to start a business as women.

Select one:
True
False

Question 19
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

Desire for immediate feedback

High level of energy

Determination

All of the above

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Question 20
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Entrepreneurs are paralyzed by the prospect of failure.

Select one:
True
False

Question 21
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:

Preference for moderate levels of risk – risk eliminators

Confidence in their ability to succeed

Desire for responsibility

All of the above

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Question 22
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:

All of the above

Copreneurs

Family businesses

Corporate castoffs
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Question 23
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:

Improper Inventory Control

All of the above

Incorrect Pricing

Poor Location
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Question 24
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Failure is a natural part of the creative process.

Select one:
True
False

Question 25
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Question text
Any activity which is undertaken with an intention to earn profit is called __________ .

Select one:

asset

credit

business

employment
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