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Small Business Entrepreneurship Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Someone who creates a new product to sell and takes on all of the risks and responsibility is known as what?

Question 2 2. What is an example of entrepreneurial creativity?

Question 3 3. Local grocery stores and hair salons are examples of what type of entrepreneurship?

Question 4 4. What's the best explanation of entrepreneurship?

Question 5 5. Around whose work does the Myers-Briggs Type Indicator revolve?

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Question 6 6. Which type of entrepreneur is focused on getting a new business off the ground and then moving on to start a new one?

Question 7 7. Which one is TRUE about an entrepreneurship?

Question 8 8. What type of entrepreneur is required to invest all profits back into the enterprise?

Question 9 9. What type of entrepreneur may be involved with skunk works?

Question 10 10. What is initiative?

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Question 11 11. Which type of entrepreneurship works at making the world a better place by solving crisis and problems?

Question 12 12. Why is it important for entrepreneurs to be problem solvers?

Question 13 13. What is an aspect of entrepreneurs generating interest and opportunities in their business?

Question 14 14. Why must an entrepreneur be willing to wear many hats?

Question 15 15. Those who market their own products and take on all the risks and rewards are known as what?

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Question 16 16. What does the 'E' stand for in the Myers-Briggs Type Indicator?

Question 17 17. Which of the following factors of production is most relevant to entrepreneurship?

Question 18 18. What is the type of personality many entrepreneurs possess?

Question 19 19. Which two Myers-Briggs characteristics focus on how a person structures things?

Question 20 20. Which type of entrepreneurship focuses on being able to grow with more financial backing?

Small Business Entrepreneurship Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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