Entrepreneurship And Business Knowledge Test
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- 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
Questions: 21 | Attempts: 47239 | Last updated: Jul 20, 2021
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Sample QuestionPeople who work for someone else:
Questions: 20 | Attempts: 12944 | Last updated: Jun 9, 2021
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Sample QuestionAll are the typical structure for a business plan except:
Questions: 30 | Attempts: 7584 | Last updated: Oct 15, 2020
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Sample QuestionWhich of the following is not a legitimate way of bringing a new business idea to market?
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