Introduction To Entrepreneurship Quiz Questions With Answers

20 Questions | By Slighteard | Last updated: Mar 22, 2022 | Total Attempts: 18122

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Introduction To Entrepreneurship Quiz Questions With Answers - Quiz

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.

An entrepreneur has the following personal characteristics except:
- A.
  
  Self- confident
- B.
  
  Goal-oriented
- C.
  
  Creative
- D.
  
  Overambitious
2.

___________ is refer to some one who undertakes a business venture.
- A.
  
  A Business Manager
- B.
  
  An Entrepreneur
- C.
  
  A Business Man
- D.
  
  Supervisor
3.

Entrepreneurship contributes to:
- A.
  
  Economic growth
- B.
  
  Employment opportunities
- C.
  
  Career alternatives for women and minorities
- D.
  
  All of the above
4.

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
5.

__________ is one among the factors that influence entrepreneurship.
- A.
  
  Life-path circumstance
- B.
  
  Economic growth
- C.
  
  Inheritance
- D.
  
  Desire
6.

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
7.

Brainstorming new ideas with others is:
- A.
  
  A tasking activity
- B.
  
  A creative activity
- C.
  
  An examination
- D.
  
  All of the above
8.

All are opportunities except:
- A.
  
  Needs
- B.
  
  Wants
- C.
  
  Problems & Challenges
- D.
  
  Solutions
9.

Opportunities point to _________ who would buy the innovative solutions.
- A.
  
  Entrepreneur
- B.
  
  Business manager
- C.
  
  Business center
- D.
  
  Customers
10.

All are raw materials for generating good ideas except:
- A.
  
  Experiences
- B.
  
  Observations
- C.
  
  Feeling and other stimuli
- D.
  
  Inheritance
11.

__________ is an activity that generate good ideas.
- A.
  
  Physical exercise
- B.
  
  Brainstorming
- C.
  
  Examinations
- D.
  
  Dreaming
12.

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.
13.

Which is the Federal Government of Nigeria grants for young graduates entrepreneurs?
- A.
  
  DFRRI
- B.
  
  NNPC
- C.
  
  YOU WiN
- D.
  
  CBN
14.

To meet the goals, the entrepreneur may develop plans such as:
- A.
  
  Business Plan
- B.
  
  Building Plan
- C.
  
  Family Plan
- D.
  
  Town Plan
15.

"Bootstrapping" is a source of capital:
- A.
  
  True
- B.
  
  False
16.

All are the process of entrepreneurship except:
- A.
  
  Planning
- B.
  
  Raising Start-up capital
- C.
  
  Growth
- D.
  
  Education
17.

The "bank of Dad and Mom" is not a source of capital.
- A.
  
  True
- B.
  
  False
18.

An entrepreneur tends to be passionate about achieving his goal.
- A.
  
  True
- B.
  
  False
19.

The business plan declares the following except:
- A.
  
  Vision
- B.
  
  Strategy
- C.
  
  Human resources
- D.
  
  Borrower
20.

All are the typical structure for a business plan except:
- A.
  
  Executive summary
- B.
  
  Financial Plan
- C.
  
  Operational Plan
- D.
  
  Borrowing Plan