Quiz: Introduction To Entrepreneurship
Welcome to the Introduction to Entrepreneurship quiz. When we start learning about a business, we get to discuss entrepreneurship, and one of the things that an aspiring entrepreneur should focus on is the presence of a gap in the market and target market. Below is a quiz to test what you understood from the introduction to Entrepreneurship. There are options given to each question, and you are to choose the correct option.
- 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.
Over ambitious
- 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 contribute 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 one 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 process 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 centre
- 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, entrepreneur may develop plan 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 tend to be passionate about achieving his goal.
- A.
True
- B.
False
- 20.Business plan declare the following except:
- A.
Vision
- B.
Strategy
- C.
Human resources
- D.
Borrower
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