QUIZ MPU22012 DKM5B

QUIZ MPU22012 DKM5B

University

20 Qs

quiz-placeholder

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QUIZ MPU22012 DKM5B

QUIZ MPU22012 DKM5B

Assessment

Quiz

Education

University

Practice Problem

Medium

Created by

mohamad amri

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual who starts, creates and manages a new business can be called.

A. A leader

B. A manager

C. A professional

D. An entrepreneur

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which could provide an individual with the motivation to start a new business

venture?

i. The financial rewards.

ii. A desire to be independent.

iii. Risk taking

iv. Give back to the community and make an impact

A. i & ii.

B. ii & iii

C. iii & iv

D. All the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industrial sector promotes small-scale businesses and Entrepreneurship, and

has lower barriers to market entry?

A. Service.

B. Manufacturing.

C. Distribution.

D. Agriculture.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are small businesses important to a country's economy?

i. They give an

outlet for entrepreneurs.

ii. They can provide specialist support to larger companies.

iii. They can be innovators of new products.

iv. Job creation for the local community.

A. i & ii

B. ii & iii

C. iii & iv

D. All the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business arrangement where one party allows another party to use a business

name and sellits products or services is known as .

A. A cooperative.

B. A franchise.

C. An owner-manager business.

D. A limited company.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the reason for business failure .

i. Lack of

market research.

ii. Poor financial control.

iii. Poor management.

iv. A faulty business model

A. i & iii

B. ii & iv

C. i, ii & iii

D. All the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of informal networks by entrepreneurs to gather information is known as

A. Secondary research.

B. Entrepreneurial networking.

C. Informal parameters.

D. Marketing

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