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ENTREPRENEURIAL MANAGERMENT QUIZ 1

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

People who work for someone else.

a)

entrepreneurs

b)

employees

c)

staff

d)

workers

2.
An entrepreneur is someone 
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
3.
An entrepreneur must know...
a)
Only the parts of the business they like
b)
No parts of the business management
c)
all parts of business:  finance, marketing, etc.
4.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
5.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
6.
Entrepreneurs are constantly looking for new ways to solve problems.
a)
Persistent
b)
Creative
c)
Self Confident
d)
Independent
7.
Entrepreneurs work until the job is done.
a)
Persistent
b)
Inquisitive
c)
Self Confident
d)
Creative
8.
Entrepreneurs look for challenging opportunities and are not afraid of the possibility of failure.
a)
Risk Taker
b)
Goal Oriented
c)
Creative
d)
Responsible
9.
Entrepreneurs believe in themselves.
a)
Creative
b)
Responsible
c)
Risk Taker
d)
Self Confident
10.

Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Lynne Wilson convinced her that they should go into business together and sell the sauce. Wall and Wilson are examples of

a)

intrapreneurs

b)

entrepreneurs

c)

employees

d)

managers

11.

John Santos Tax Service is an example of which type of business?

a)

manufacturing business

b)

wholesaling business

c)

retailing business

d)

service business

12.

The plant where Good Year tires are made is an example of which type of business?

a)

manufacturing business

b)

wholesaling business

c)

retailing business

d)

service business

13.

Which of the following is not an advantage of entrepreneurship?

a)

entrepreneurs are their own bosses

b)

entrepreneurs can be creative

c)

entrepreneurs take all the risks involved with starting a business

d)

Entrepreneurs can make large sums of money.

14.

Which step of the problem-solving process involves performing research and interviewing customers, suppliers, and employees?

a)

define the problem

b)

gather information

c)

identify various solutions

d)

evaluate alternatives

15.

Which of the following is not an example of an entrepreneur?

a)

Diane started By Request, a successful home bakery business

b)

Donna started a cleaning service 10 years ago.

c)

Gwen manages The Secret Garden, a business owned by her sister.

d)

Elmer created Bayfield Apple Jam and distributes the Jam nationality.

16.
Writing, speaking, and listening skills
a)
Communication
b)
Human Relations
c)
Math
d)
Basic Business
17.

Entrepreneurship can be learned by anyone, it‟s not something that can simply learn in a classroom.

a)

True

b)

False

18.

Certain skills, such as communication, delegating and respecting others can only be acquired through practice and developing „habits of character‟.

a)

True

b)

False

19.

Habits of character may not strictly be related to business but are to do

with the kind of person the entrepreneur is and what he/she does.

a)

True

b)

False

20.

An entrepreneur has to have certain cultivated and inherent qualities in

order to make a success of his or her venture.

a)

True

b)

False