Entrepreneurship Quiz

The ability to learn a particular kind of job:

• Brain system

• Aptitude

• Entrepreneurship

• Creativity

Which one is NOT a DISADVANTAGE of Entrepreneurship?

• Risky

• Uncertain income

• You are the boss

• Work long hours

Which one is NOT an ADVANTAGE of Entrepreneurship?

• Can choose a business of interest

• You can be creative

• Make a lot of money

• You will make decisions alone

What type of entrepreneurial business actually produce the products they sell?

• Retailing

• Service

• Manufacturing

• Wholesaling

What type of entrepreneurial business sells products to people other than the final customer?

• Manufacturing

• Wholesaling

• Retailing

• Service

If you own your own business you will need to know how to calculate your profit. Which one is a calculation of profit?

• Sales in months in a year

• Loss minus expenses

• Total revenue minus total expenses

• Monthly sales plus expenses

Hypermart, Seven Eleven, Walmart, Amazon, and IKEA are example of a ..................... business

• Manufacturing

• Hospitality

• Retailing

• Entertainment

All are opportunities except:

• Solutions

• Problems and challenges

• Wants

• Needs

An entrepreneur has the following personal characteristics except:

• Self-confident

• Goal-oriented

• Creative

• Over ambitious

Self-discovery which is one of the process of entrepreneurship means:

• Learning what you enjoy doing

• Examining your strength and weaknesses

• Examining work experience and relating it to potential

• All of the above