Entrepreneurship Quiz

Which of the following describes the art of observing correct practices in managing a self-owned wealth-creating business enterprise?

• Business Process

• Management

• Entrepreneurship

• Marketing

An entrepreneur is defined as:

• A person who manages someone else's business

• A person who strongly advocates and correctly practices the concepts of entrepreneurship

• A person who only invests in businesses

• A person who creates ideas without action

Which of the following is not a core competency of an entrepreneur?

• Proactive

• Risk taker

• Hesitant decision-maker

• Sociable

Which level of entrepreneurial development refers to someone who seeks opportunities for growth and investment?

• Manager

• Investor

• Self-employed

• Leader

What type of entrepreneur focuses on solving social problems?

• Technopreneur

• Intrapreneur

• Social Entrepreneur

• Extrapreneur

A technopreneur is someone who:

• Combines social issues with business

• Focuses on technology as the core of the business

• Jumps from company to company

• Starts businesses in large corporations

What type of business provides services rather than products?

• Manufacturing business

• Service business

• Merchandising business

• Buy-and-sell business

What does STEEPLED stand for in the context of macroenvironmental sources?

• Social, Technological, Economic, Environmental, Political, Legal, Ethical, and Demographic factors

• Science, Technology, Education, Ethics, Politics, Leadership, Environment, and Development

• Simple, Tangible, Effective, Entrepreneurial, Potential, Leadership, Economic, Design

• Service, Technology, Efficiency, Environment, Planning, Legal, Employment, Development

Which of the following is an example of a micromarket source for business opportunities?

• Industry trends

• Consumer preferences

• Competitor pricing

• New knowledge

In the entrepreneurial process, which stage comes after resourcing?

• Developing a business plan

• Managing the company

• Harvesting

• Discovery