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Trivia - quiz (round 2)

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Business plan declare the following except:

a)

Vision

b)

Strategy

c)

Human Resource

d)

Borrower

2.

____is refer to some one who undertakes a business venture .

a)

an enterpreneur

b)

a business man

c)

supervisor

d)

a business manager

3.

Brainstorming new ideas with others is

a)

a creative activity

b)

an examination

c)

a tasking activity

d)

All of the above

4.

Enterpreneurship contribute to

a)

economic growth

b)

employment opportunities

c)

career alternatives for women and minorities

d)

All of the above

5.

An enterpreneur has the following personal characteristics except -

a)

over ambitious

b)

self confident

c)

creative

d)

goal oriented

6.

To meet the goals, entrepreneur may develop plan such as

a)

business plan

b)

building plan

c)

family plan

d)

town plan

7.

____ is one among the factors that influence entrepreneurship

a)

inheritance

b)

economic growth

c)

life-path circumstance

(d) desire

d)

desire

8.

An entrepreneur tend to be passionate about achieving his goal

a)

False

b)

True

9.

Self discovery which is one of the process of entrepreneurship means:

a)

learning what you enjoy doing

b)

examining your strength and weaknesses

c)

examining work experience and relating it to potential

d)

all of the above

10.

Bootstrapping is a source of capital:

a)

True

b)

False

11.

Evaluation of your strengths and weaknesses:

a)

Self Assessment

b)

Employee

c)

Entrepreneurship

d)

Entrepreneurship

12.

People who own, operate, and take risk of a business venture:

a)

Aptitude

b)

Employee

c)

Entrepreneurs

d)

Entrepreneurship

13.

People who work for someone else:

a)

Aptitude

b)

Employee

c)

Entrepreneurs

d)

Entrepreneurship

14.

Which one is NOT a disadvantage of Entrepreneurship?

a)

Risky

b)

Uncertain Income

c)

You are the boss

d)

Work long hours

15.

What type of entrepreneurial business actually produce the products they sell?

a)

Manufacturing

b)

Wholesaling

c)

Retailing

d)

Service

16.

The ability to learn a particular kind of job.

a)

Aptitude

b)

Employee

c)

Entrepreneurship

d)

Entrepreneur

17.

Entrepreneurs believe in themselves.

a)

A.Self-Confident

b)

Risk-Taker

c)

Persistent

d)

Creative

18.

Computer skills are essential in almost every business

a)

Technical Skills

b)

Basic Business Skills

c)

Math Skills

d)

Communication Skills

19.

Entrepreneurs must develop writing, speaking, and listening skills

a)

Communication Skills

b)

Human Relation Skills

c)

Math Skills

d)

Problem Solving/Decision Making

20.

Decisions taken by an entrepreneur on behalf of his enterprise are known as

a)

Organizational decisions.

b)

Personal decisions.

c)

Routine decisions

d)

Strategic decisions

21.

Someone legally appointed to resolve the financial difficulties of an insolvent firm is called

a)

An administrator.

b)

A predator

c)

An auditor.

d)

A turnaround consultant

22.

LOB stands for

a)

Line of Business.

b)

Line of Balance

c)

Loss of Business

d)

Loss of Balance

23.

In the situation of bankruptcy, the stock which is recorded above common stock and below debt account is

a)

debt liabilities

b)

preferred stock

c)

hybrid stock

d)

common liabilities

24.

Which of the following is one way that freedom in a private enterprise system is limited by laws:

a)

Certain occupations must be licensed.

b)

All workers must take ability tests.

c)

Specific pay scales are regulated.

d)

Employees must register with the state.

25.

What type of entrepreneurial business sells products to people other than the final customer?:

a)

Manufacturing

b)

. Wholesaling

c)

Retailing

d)

Service