Basic Entrepreneurship MCQ
1. Relying primarily on debt financing is very dangerous for a company because ________.
Answer
Correct Answer:
Creditors can force a company into bankruptcy or take over company property
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2. Ford's edsel is an example of a product that failed because it lacked ________.
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3. The three primary reasons startups need funding are ________.
Answer
Correct Answer:
Cash flow challenges, capital investments, and lengthy product development cycles
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4. The three factors included in the calculation of the reorder point are ________.
Answer
Correct Answer:
Demand, lead time, and safety stock
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5. According to the textbook, trade secret disputes arise most frequently when ________.
Answer
Correct Answer:
An employee leaves a firm to join a competitor and is accused of taking confidential information with him or her
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6. Licensors must be careful that a licensee ________.
Answer
Correct Answer:
Doesn’t damage the licensing company’s name
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7. ________ typically lead(s) sales; ________ typically lag(s) sales.
Answer
Correct Answer:
Purchases; collections
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8. Every person has the _____ and _____ to pursue a career as an entrepreneur.
Answer
Correct Answer:
Potential; free choice
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9. Entrepreneurs tend to be ________.
Answer
Correct Answer:
Optimistic
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10. Business failure is defined by dun and bradstreet as ""business termination ________.""
Answer
Correct Answer:
With losses to creditors
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11. Using technology to sell ________.
Answer
Correct Answer:
Can be useful in helping you communicate your product to the customer and to stay in touch with the customer
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12. A ________ for technology is important for decision-making before investment.
Answer
Correct Answer:
Cost/benefit analysis
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13. ________ are negative internal factors that inhibit the accomplishment of a firm's objectives.
Answer
Correct Answer:
Weaknesses
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14. A critical component of supply chain management is ________.
Answer
Correct Answer:
Both A and B
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15. Total revenue divided by________ = units sold.
Answer
Correct Answer:
Selling price
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Entrepreneurship MCQs | Topic-wise
