Entrepreneurship And Business Knowledge Test

60 Questions | Total Attempts: 59

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Entrepreneurship And Business Knowledge Test

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Questions and Answers
  • 1. 
    The process of designing, launching and running a new business, which typically begins as a small business is? 
    • A. 

      Entrepreneurship

    • B. 

      Creativity

  • 2. 
    The sum of the number of persons starting a business  and the number of owners of businesses that were established less than 3.5 years before the reference date is?
    • A. 

      Factor driven economy

    • B. 

      Efficiency driven economy

    • C. 

      TEA index

  • 3. 
    Type of economy that countries compete primarily on the use of unskilled labor and natural resources?
    • A. 

      Factor driven economy

    • B. 

      Efficiency driven economy

    • C. 

      Innovation driven economy

  • 4. 
    Type of economy that growth is based on the development of more efficient production processes and increased product quality?
    • A. 

      Innovation driven economy

    • B. 

      Efficiency driven economy

    • C. 

      Factor driven economy

  • 5. 
    Type  of economy that companies compete by producing and delivering new and different products and services by using the most sophisticated processes?
    • A. 

      Factor driven economy

    • B. 

      Efficiency driven economy

    • C. 

      Innovation driven economy

  • 6. 
    One of the entrepreneur Benefits is they:
    • A. 

      Work harder

    • B. 

      Being on call 24/7

    • C. 

      Create their own destiny

  • 7. 
    One of these names foremost study of entrepreneurship internationally.
    • A. 

      GEM

    • B. 

      KFJ

    • C. 

      KLM

    • D. 

      EGM

  • 8. 
    Which one of these characteristics is for enterprenurs.
    • A. 

      Future orientation

    • B. 

      Depending on others

    • C. 

      Money achivement over value

  • 9. 
    One of the drawbacks of enterpreneurship is complete resposibility. This sentence is
    • A. 

      True

    • B. 

      False

  • 10. 
    The economy of one of the following countries is described as Factor-driven economy except:
    • A. 

      Eygpt

    • B. 

      Algeria

    • C. 

      Palestine

    • D. 

      Tunisia

  • 11. 
    Failure is not a natural part of the creative process.
    • A. 

      False

    • B. 

      True

  • 12. 
    The average global total entrepreneurial activity (TEA) index:
    • A. 

      1.3

    • B. 

      13

    • C. 

      3.1

    • D. 

      31

  • 13. 
    One of the deadly mistakes of entrepreneurship is Poor financial control.
    • A. 

      True

    • B. 

      False

  • 14. 
    Gazelles are small companies that are growing at 20 percent or more per year with at least $100,000 in annual sales; they create 71 percent of the economy.
    • A. 

      True

    • B. 

      False

  • 15. 
    Most people see entrepreneurial activity as a good career choice.
    • A. 

      True

    • B. 

      False

  • 16. 
    Men are twice as unlikely to start a business as women.
    • A. 

      True

    • B. 

      False

  • 17. 
    Which nation has got the highest GEDI score:
    • A. 

      Canada

    • B. 

      Brazil

    • C. 

      United States

  • 18. 
    The one who creates a new business in the face of risk and uncertainty for the purpose of achieving profit is?
    • A. 

      Entrepreneur

    • B. 

      Coworker

    • C. 

      Business man

  • 19. 
    Type of character that starts businesses because they spot an opportunity in the marketplace?
    • A. 

      Serial entrepreneur

    • B. 

      Opportunity entrepreneur

    • C. 

      Necessity entrepreneur

  • 20. 
    Type of character that start businesses because they cannot find work any other way? 
    • A. 

      Necessity entrepreneur

    • B. 

      Serial entrepreneur

    • C. 

      Opportunity entrepreneur

  • 21. 
    Type of character that repeatedly start businesses and grow them to a sustainable size before striking out again?
    • A. 

      Necessity entrepreneur

    • B. 

      Opportunity entrepreneur

    • C. 

      Serial entrepreneur

  • 22. 
     Many people start their business in age of 24-44 
    • A. 

      True

    • B. 

      False

  • 23. 
    Internet-based subscription or pay-per-use software services that allow business owners to use a variety of business applications is? 
    • A. 

      Technology advancements

    • B. 

      Bootstrapping

    • C. 

      Cloud computing

  • 24. 
    Is a strategy that involves conserving money and cutting costs during start-up is?
    • A. 

      Cloud computing

    • B. 

      Bootstrapping

    • C. 

      Technology advancements

  • 25. 
    Which of the following is the most common source of stress for entrepreneurs? 
    • A. 

      Being on call 24/7

    • B. 

      Repaying business debt

    • C. 

      Losing my business

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