
FORTUNE 500 ENTREPRENEURS QUIZ QUESTIONS
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is a critical characteristic of a successful entrepreneur?
Ignoring failure
Stubbornness
Risk tolerance and adaptability
Disregarding feedback
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is most critical when determining the line of business for a startup?
The entrepreneur’s personal interest
The market’s potential and demand for the product and services
The financial stability of competitors
The geographic location of competitors
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is a key responsibility of an MD (managing director)?
Focusing only on the marketing strategy
Handling customer support
Managing the social media presence
Managing the day-to-day operations and leading the company’s strategic direction
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following best describes‘business incubation’?
A program designed to support the growth of early- stage start ups and resources mentoring and funding.
The process of hiring a large team to scale a Business Rapidly
The stage where an entrepreneur builds the final. Product and launches it into the market
The phase where an entrepreneur closes a business Due to poor performance
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of these is a key feature of a service-based. Business model?
Providing a specific service to a client or customer
Selling physical products in bulk
Focusing on subscription models for products
Offering technology solutions to other businesses
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What does “market research”help entrepreneurs to do?
Define the company’s mission statement
Understand competitors marketing budgets
Understand customers needs preferences and Behavior
Establish employee compensation structures
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the goal of a ‘lean startup’approach to entrepreneurship ?
To minimize product development time and cost while focusing on customers feedback.
To launch products quickly without any customers validation
To focus on building complex, feature-rich products
To secure large investments before launching a product
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