Entrepreneurship And Business Knowledge Test

60 Questions | By Themes | Updated: Mar 20, 2022 | Attempts: 607

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Entrepreneurship And Business Knowledge Test - Quiz

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