Introduction To Entrepreneurship Trivia

20 Questions | By Dedcentre | Updated: Mar 22, 2022 | Attempts: 9167

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Introduction To Entrepreneurship Trivia - Quiz

In the past few weeks, we have started the topic that introduced us to entrepreneur, and we got to understand their objectives and characteristics. Are you feeling excited about the next topic and this you understood the first one correctly? Why don’t we take your answer for a test drive and see how high your score is? All the best and keep revising!

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