Introduction To Entrepreneurship Quiz Questions With Answers

20 Questions | Total Attempts: 13186

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Introduction To Entrepreneurship Quiz Questions With Answers

Do you know what entrepreneurship is? Take the introduction to entrepreneurship quiz, and check your understanding about the same. When we start learning about a business, we get to discuss entrepreneurship. One of the things that an aspiring entrepreneur should focus on is the presence of a gap in the market and target market. Here is a quiz to test what you understood from the introduction to Entrepreneurship. With all the correct answers, you will get a perfect score. All the best, and do share the quiz with other entrepreneurs!


Questions and Answers
  • 1. 
    All are the typical structure for a business plan except:
    • A. 

      Executive summary

    • B. 

      Financial Plan

    • C. 

      Operational Plan

    • D. 

      Borrowing Plan

  • 2. 
    An entrepreneur has the following  personal characteristics except:
    • A. 

      Self- confident

    • B. 

      Goal-oriented

    • C. 

      Creative

    • D. 

      Overambitious

  • 3. 
    ___________ is refer to some one who undertakes a business venture.
    • A. 

      A Business Manager

    • B. 

      An Entrepreneur

    • C. 

      A Business Man

    • D. 

      Supervisor

  • 4. 
    Entrepreneurship contributes to:
    • A. 

      Economic growth

    • B. 

      Employment opportunities

    • C. 

      Career alternatives for women and minorities

    • D. 

      All of the above

  • 5. 
    The person who creates value by moving resources out of less productive areas into more productive ones is called:
    • A. 

      A Banker

    • B. 

      A Magician

    • C. 

      A Business guru

    • D. 

      An entrepreneur

  • 6. 
    __________ is one among the factors that influence entrepreneurship.
    • A. 

      Life-path circumstance

    • B. 

      Economic growth

    • C. 

      Inheritance

    • D. 

      Desire

  • 7. 
    Self-discovery, which is one of the processes of entrepreneurship, means:
    • A. 

      Learning what you enjoy doing

    • B. 

      Examining your strength and weaknesses

    • C. 

      Examining work experience and relating it to potential

    • D. 

      All of the above

  • 8. 
    Brainstorming new ideas with others is:
    • A. 

      A tasking activity

    • B. 

      A creative activity

    • C. 

      An examination

    • D. 

      All of the above

  • 9. 
    All are opportunities except:
    • A. 

      Needs

    • B. 

      Wants

    • C. 

      Problems & Challenges

    • D. 

      Solutions

  • 10. 
    Opportunities point to _________ who would buy the innovative solutions.
    • A. 

      Entrepreneur

    • B. 

      Business manager

    • C. 

      Business center

    • D. 

      Customers

  • 11. 
    All are raw materials for generating good ideas except:
    • A. 

      Experiences

    • B. 

      Observations

    • C. 

      Feeling and other stimuli

    • D. 

      Inheritance

  • 12. 
    __________ is an activity that generate good ideas.
    • A. 

      Physical exercise

    • B. 

      Brainstorming

    • C. 

      Examinations

    • D. 

      Dreaming

  • 13. 
    The phrase "quantity breeds quality" described which guideline in brainstorming:
    • A. 

      Defer Judgment

    • B. 

      Strive for quantity

    • C. 

      Seek unusual or wild areas

    • D. 

      Combine and build on ideas.

  • 14. 
    Which is the Federal Government of Nigeria grants for young graduates entrepreneurs?
    • A. 

      DFRRI

    • B. 

      NNPC

    • C. 

      YOU WiN

    • D. 

      CBN

  • 15. 
    To meet the goals, the entrepreneur may develop plans such as:
    • A. 

      Business Plan

    • B. 

      Building Plan

    • C. 

      Family Plan

    • D. 

      Town Plan

  • 16. 
    "Bootstrapping" is a source of capital:
    • A. 

      True

    • B. 

      False

  • 17. 
    All are the process of entrepreneurship except:
    • A. 

      Planning

    • B. 

      Raising Start-up capital

    • C. 

      Growth

    • D. 

      Education

  • 18. 
    The "bank of Dad and Mom" is not a source of capital.
    • A. 

      True

    • B. 

      False

  • 19. 
    An entrepreneur tends to be passionate about achieving his goal.
    • A. 

      True

    • B. 

      False

  • 20. 
    The business plan declares the following except:
    • A. 

      Vision

    • B. 

      Strategy

    • C. 

      Human resources

    • D. 

      Borrower

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