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Ultimate Startup Quiz for Entrepreneurs – Test 2


Ultimate Startup Quiz for Entrepreneurs – Test 2’s Description :

A grand welcome to all entrepreneurs, CEO, and business owners. Do you think that you are an entrepreneurship buff?

Get ready to put your entrepreneurship skills and talents to an immediate test.

We all know that entrepreneurship is important because it has the potential, not only for entrepreneurs but also for related companies, to raise living standards and generate wealth. Entrepreneurs often contribute to innovation shift, where innovative and improved products enable new kinds of markets to be formed. Some say “Entrepreneurship” is the creation or extraction of value. I say that “Entrepreneurship” gives you a secret key to achieving hero status in our culture.

As an entrepreneur, you may be taking risks in order to create new businesses or companies. You may strive to work hard in order remain to be the key players in capitalist societies, as you create wealth and job creation, identifying the market gaps – along the way. The question is that – are you actually good at the subject and practice of entrepreneurship activities? How much do you know about entrepreneurship, by the way? Time to find out now.

This superb yet brilliant practical quiz course from Legend ‘Srinidhi Ranganathan’, the king of Digital Marketing and Mastermind ‘Saranya Srinidhi’ will feature questions about startups, generic questions on entrepreneurship skills, finance skills, and much more. You can surely challenge yourself to the maximum, on this fascinating subject of ‘startup business’ by taking up this quiz-based course.

Each quiz question in this course is made up of proven interesting researched concepts that test your awareness and grasp of the subject. Detailed feedback for the quiz answers is provided too.

INSTRUCTIONS:

  • This Quiz is related to Ultimate Startup Quiz for Entrepreneurs Practice Test # 2 in this series
  • The Quiz based on the Topic, “Startup Quiz for Entrepreneurs
  • If you have good understanding about the subject, then you can attempt it
  • There will be 20 Multiple Choice Questions (MCQs) in this test
  • You have 60 Seconds to answer a single Multiple Choice Question
  • Questions will be randomly changed every time you start this test
  • You should practice more and more to get high marks
  • Passing Criteria is 60 percent for this Quiz
  • You can retake this test as many time as you like
  • The progress bar at the top of screen will show your progress as well as the time remaining where timed quiz
  • After the quiz, You will find Your Test Score and Grade
  • If you feel that any Incorrect Answer to a Question, simply Comment us about the Question.

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True or False: A mission statement is a brief description of why a company or an organization exists.

Correct! Wrong!

A mission statement is a brief description of why a company or an organization exists. It can overall explain what the company does, who it serves, and what differentiates it from competitors in the market.

True or False. Elon Musk co-founded paypal

Correct! Wrong!

Elon Musk co-founded paypal and even formed SpaceX, maker of launch vehicles and spacecraft.

The disadvantage of being an entrepreneur is:

Correct! Wrong!

The disadvantage of being an entrepreneur is that you do not always receive a paycheck regularly

This symbolizes a mental image of a possible and desirable future state of the organization

Correct! Wrong!

Business Vision symbolizes a mental image of a possible and desirable future state of the organization. A vision statement is a company's road map, indicating what the organization wants to become by setting a defined direction for the company's growth path.

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A target market is

Correct! Wrong!

A target market is a group of customers at which a product/service is aimed

An Opportunity assessment plan:

Please select 3 correct answers

Correct! Wrong!

An opportunity assessment plan is the process of synthesising market research and client data to identify opportunities for growth in a specific market or business area and formulate an actionable strategic decision to realise this growth. Identify, target, action. It should primarily focus on opportunity and not the complete plan.

True or False. Most entrepreneurs and business owners have difficulty with gathering market or audience information and do not know where to begin at all.

Correct! Wrong!

Most entrepreneurs and business owners have difficulty with gathering market or audience information and do not know where to begin at all. They also neglect conducting research and this often leads to a negative impact in the future when it comes to selling their products or services to their target niche audience. Some are not even aware that this kind of process exists.

Managers have long run-time orientation, while entrepreneurs have short run-time orientation.

Correct! Wrong!

Managers have short run-time orientation, while entrepreneurs have long run-time orientation.

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True or False. The four C's of credit are commuters, capital, compromise, and collateral

Correct! Wrong!

The four C's of credit are character, collateral, credit score, capacity.

True or False. Quality circles are a voluntary group of people drawn from various production teams who make suggestions regarding quality

Correct! Wrong!

Quality circles are a voluntary group of people drawn from various production teams who make suggestions regarding quality. They meet regularly to identify, analyze and solve work-related problems focussing on quality.

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Ultimate Startup Quiz # 2

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Business Mathematics MCQs with Answers

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