
Entrepreneurship
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Other
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University
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Kayon Hunter
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34 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A successful sole proprietor must exhibit all of the following except
Leadership skills
Be fully responsible for the firm’s performance
Be willing to work 40 hours per week
Organization skills
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All are disadvantages of a partnership except
Decision making must be shared among partners
General partners are subject to unlimited liability
Profits are shared among partners
Multiple partners bring additional funds to the business
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select disadvantages of a sole proprietorship
i. Easy to set up
ii. Not regarded as a separate legal entity
iii. More responsibilities
iv. Owner keeps all the profit
v. Liability is unlimited
i, iii and iv
ii, iii and iv
ii, iii and v
ii and iii only
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All are secondary sources in entrepreneurial ideas and opportunities except
Reliable existing data
References
Mass media and electronic media
Internet
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select type of business
i. Sole Proprietorship
ii. Partnership
iii. Private Limited Company
iv. Public Limited Company.
i, iii and iv
ii, iii and iv
i, ii, iii and iv
ii and iii only
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Identify entrepreneurship support facilities.
i. Financial
ii. Management Training and Entrepreneurship
iii. Advertising
iv. Technology
v. Location and business space
i, ii, iii and iv
i, ii, iii, iv and v
i, ii, iii and v
i, ii, iv and v
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of business most entrepreneurs start
Partnership
Corporation
Sole Proprietorship
Private limited company
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