Entrepreneurship Multiple Choice Quiz
This is a multiple choice quiz. This is a pre-test to find out how much you already know about entrepreneurship. Do not leave any questions blank.
- 1.People who work for someone else
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurs
- D.
Entrepreneurship
- 2.People who work for someone else
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurs
- D.
Entrepreneurship
- 3.People who work for someone else
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurs
- D.
Entrepreneurship
- 4.People who work for someone else
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurs
- D.
Entrepreneurship
- 5.Evaluation of your strenghths and weaknesses
- A.
Self Assessment
- B.
Employee
- C.
Entrepreneurship
- D.
Entrepreneur
- 6.People who own, operate, and take risk of a business venture
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurs
- D.
Entrepreneurship
- 7.The ability to learn a particular kind of job
- A.
Aptitude
- B.
Employee
- C.
Entrepreneurship
- D.
Entrepreneur
- 8.Which one is NOT a disadvantage of Entrepreneurship?
- A.
Risky
- B.
Uncertain Income
- C.
You are the boss
- D.
Work long hours
- 9.Which one is NOT an advantage of Entrepreneurship?
- A.
Can choose a business of interest
- B.
You can be creative
- C.
Make a lot of money
- D.
You will make decisions alone
- 10.What type of entrepreneurial business actually produce the products they sell?
- A.
Manufacturing
- B.
Wholesaling
- C.
Retailing
- D.
Service
- 11.What type of entrepreneurial business sells products to people other than the final customer?
- A.
Manufacturing
- B.
Wholesaling
- C.
Retailing
- D.
Service
- 12.What type of entrepreneurial business sells products directly to the people who use or consume them?
- A.
Manufacturing
- B.
Wholesaling
- C.
Retailing
- D.
Service
- 13.What type of entrepreneurial business sells service instead of a product?
- A.
Manufaturing
- B.
Wholesaling
- C.
Retailing
- D.
Service
- 14.What is an office memorandum?
- A.
Message from one person to another
- B.
Short written form of business communication
- C.
Short speech
- D.
Letter
- 15.If you own your own business you will need to know how to calculate your profit. Which one is a calculation of profit?
- A.
Sales-months in a year
- B.
Sales-expenses
- C.
Total sales-expenses
- D.
Monthly sales* expenses
- 16.Which one is NOT a step in the problem solving method?
- A.
Define the problem
- B.
Gather information
- C.
Identify solutions
- D.
Ignore the problem
- 17.What type of economy allows the goverment to determine what, how, and whom products and services are produced?
- A.
Command
- B.
Market
- 18.This economy is about personal choice. Individuals decide what, how, and for whom products and services are produced.
- A.
Market
- B.
Command
- 19.What is a fixed cost?
- A.
Cost that go up and down
- B.
Cost that remain the same
- C.
Measure the disadvantages of production
- D.
Measure advantages of production
- 20.What is a variable cost?
- A.
Cost that go up and down
- B.
Cost that remain the same
- C.
Measures the disadvantages of production
- D.
Measures advantages of production
- 21.What is opportunity cost?
- A.
Going with your first option
- B.
Going with the easiest option
- C.
Choosing the best alternative
- 22.Chemicals, fabrics, and foods are examples of (BLANK) businesses.
- 23.Shopping malls, Krogers, and Best Buy are examples of a (BLANK) business.
- 24.What type of business are you interested in starting? Where would it be located (which part of the city)? What would be a goal for your business?
- 25.Type response below
Questions: 60 | Attempts: 473 | Last updated: May 26, 2021
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