Quiz: Introduction To Entrepreneurship

20 Questions | Total Attempts: 4879

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Entrepreneurship Quizzes & Trivia

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.


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. 

      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