Untitled Quiz

The ________ plan shows whether the business is economically feasible or not:

• Financial

• Economic

• Business

• Market

All of the following are characteristics of a successful entrepreneurs EXCEPT:

• Creative

• Persistence

• Inattentive

• Flexible

An entrepreneur wants to make a profit he must:

• Take calculated risks

• Take the least amount of risk

• Take the greatest possible risks

• Take no risk at all

Which of the following is an example of an entrepreneur?

• Bank Manager

• Sales person

• Hotel Manager

• Shop keeper

Entrepreneurs may reduce their risk of loss by

• Planning ahead

• Securing bank loan

• Cleaning the office regularly

• Purchasing additional fixed assets

This is the last part of the business plan but is prepared last.

• Marketing plan

• Executive summary

• The business opportunity

• Financial forecast

Which of the following is not a reason why individual starts a business?

• Self-actualization

• Financial independence

• It is too much work

• To be one's own boss

The following are all steps in establishing a business EXCEPT:

• Operation of the business

• Acquisition of funds

• Contract

• Business plan

An entrepreneur may be defined as:

• A person starting a business

• An individual who identifies Market deficiencies

• An individual who comes up with workable solutions to a problem

• All of the above

The executive summary in a business plan is

• An executive profile of the owner(s) or a business.

• A summary of an entire business plan

• Exit strategies for investors

• None of the above