CB16: A Review Quiz On Entrepreneurship

5 Questions | By Vega | Updated: Mar 20, 2022 | Attempts: 189

There are a lot of entrepreneurs in the world today, and some have come into the industry and done things that brought them a lot of money and opportunities. There is much that we have come to know about entrepreneurship over the past few weeks. Take up the quiz below and get to see just how much you understand from the basic introduction to entrepreneurship. All the best!

Questions and Answers

1.

According to your CB16 textbook, what percentage of new businesses end within the first five to six years?
- A.
  
  10%
- B.
  
  20%
- C.
  
  30%
- D.
  
  40%
- E.
  
  50%
2.

Entrepreneurs are usually creative thinkers who often come up with new ideas and new ways to solve problems.
- A.
  
  True
- B.
  
  False
3.

Teenagers cannot be successful entrepreneurs. You must be an adult with plenty of work experience.
- A.
  
  True
- B.
  
  FALSE
4.

Business Plans should contain all of the following elements except:
- A.
  
  Goals and Objectives
- B.
  
  Details of Previous Work Experience
- C.
  
  Financial Plan
- D.
  
  Nature of the Business
- E.
  
  Marketing Plan
5.

People who take on the responsibility of developing a new innovation in a larger company are considered:
- A.
  
  Entrepreneurs
- B.
  
  Intrapreneurs