
Entrepreneurship Quiz
Authored by alberta henyo
Business
University

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is an entrepreneur?
A person who creates and manages a new business venture.
A manager who runs an existing business
A banker who provides business loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a franchise?
A business owned and run by the government
A business that sells the rights to its brand and model to others
A business that makes and sells French fries
A business that sells fairness products
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the advantages of buying an existing business?
Complete flexibility and freedom
Low startup costs
Established customer base and relationships
Getting cutting edge technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a source of startup funding for a new business?
Business loans from a bank
Stock investments by the public
Research grants from universities
Donations from charitable foundations
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can an entrepreneur better understand customer needs?
Ignoring customer feedback
Conducting market research
Avoiding new technologies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business has unlimited liability?
Limited company
Sole proprietorship
Franchise
Partnership
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of starting a business as a sole proprietorship?
Raising funds by selling stock
Simple startup and minimal paperwork
Limited liability for the owner
Shared ownership with partners
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