Unit 1 - Quiz 1 "Basic Aspects of Entrepreneruship" Revision

Select the correct options:

An entrepreneur is a person who _ a business venture.

• assumes the risk for

• organizes

• does not get involved in

• operates

Select the correct option(s):

Entrepreneurship is the process through which individuals _____.

• study

• hopefully make a profit

• see an opportunity

• create and distribute a product or service

True or False:

Bill Gates, Microsoft, is an entrepreneur.

• True

• False

True or False:

Mark Zuckerberg, Facebook, is an entrepreneur.

• True

• False

Which of the following is a product-based business?

• Lawn care

• Clothing

• Consulting

• Hostels

Which of the following is a service-based business?

• Food

• Clothing

• Car

• Repair Shop

True or False:

A trait is a character quality.

• True

• False

Which of the following are traits of entrepreneurs?

• Dedication

• Energy

• Reliance

• Dishonesty

True or False:

Aptitude is defined as the ability to learn a particular kind of job.

• True

• False

Which of the following are ways people can get an aptitude?

• Buy it

• Sell it

• Acquire it

• Born with it