Chapter one review
Entrepreneurship Quiz: Test Your Knowledge
Are you ready to put your understanding of entrepreneurship to the test? This quiz covers essential concepts related to business ownership, job skills, and creative problem-solving. Perfect for students and aspiring entrepreneurs alike, it will challenge your knowledge in a fun and engaging way.
- Multiple-choice questions
- Focus on key entrepreneurship concepts
- Score your knowledge and learn more
Who are the people who are hired to work for someone else?
Employees
Entrepreneurs
Opportunities
Trade Shows
What is the ability to learn a particular kind of job?
Brainstorming
Self-assessment
Entrepreneurship
Aptitude
Who are the people that own, operate, and take the risk of a business venture?
Employees
Managers
Entrepreneurs
Opportunities
What is the evaluation of your strengths and weaknesses
Brainstorming
Self-assessment
Ideas
Problem-solving models
What is a creative problem solving technique that involves generating a large number of fresh ideas?
Brainstorming
Problem-solving models
Ideas
Aptitude
What are possibilities that arise from existing conditions?
Ideas
Trade shows
Opportunities
Brainstorming
Which of the following is NOT an example of an entrepreneur?
Lisa started a dog grooming service ten years ago
Jenny manages Main Street Boutique , a business owned by her sister
Ashley started By Request, a successful home bakery business
Gene and David are a married couple and love to paint. Even though they are both employed full time, they decided to open a custom painting business where they make and sell custom paintings of peoples pets online. They are an example of...
Employees
Entrepreneurs
Managers
Intrapreneurs
Safelight, a windshield repair company, is an example of what type of business
Retailing business
Wholesaling business
Service business
Retailing business
Which step of the problem-solving model involves performing research and interviewing customers, suppliers, and employees?
Define the problem
Gather information
Identify various solutions
Evaluate alternatives
According to the Small Business Administration's Office of Advocacy, how many new businesses survive for at least ten years?
25%
5%
50%
33%
Which of the following is NOT an advantage of entrepreneurship?
Entrepreneurs take all the risks involved with starting a business
Entrepreneurs can make large sums of money
Entrepreneurs are their own boss
Entrepreneurs have creative freedom
What does the acronym SMART stand for?
Specific, manageable, attainable, reliable, time
Social, measurable, attainable, realistic, time
Specific, manageable, attainable, reliable, timeframe
Specific, measurable, attainable, realistic, time
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