Entrepreneurship Quiz

Think you have what it takes to be an entrepreneur?
Test your knowledge with our short quiz on entrepreneurship.

According to the recent survey, "The Anatomy of an Entrepreneur" conducted by the Ewing Marion Kauffman Foundation, what is the average age of company founders when they started their current companies?
1. 50
2. 35
3. 40
4. 24
What percentage of company founders from the Ewing Marion Kauffman Foundation survey "The Anatomy of an Entrepreneur" had an advanced degree?
1. 82
2. 32
3. 47
4. 28
What percentage of 2009 Fortune 500 companies were started during a recession or bear market (or both). A bear market is typically defined as a period of time during which the stock index, such as the Dow Jones Industrial Average, falls 20 percent or more.
1. 25
2. 42
3. 51
4. 11
Which one of the following was named a start-up friendly city for 2009 by Entrepreneur magazine?
1. New York, NY
2. Denver, CO
3. Las Vegas, NV
4. Seattle, WA
Which economist believed the most essential part of capitalism to be a process of constant re-invention or "Creative Destruction"?
1. Joseph A. Schumpeter
2. John Maynard Keynes
3. Milton Friedman
4. George Joseph Stigler
Distinct from a business entrepreneur who sees value in the creation of new markets, the social entrepreneur aims for value in the form of transformational change that will benefit disadvantaged communities and ultimately society at large. Which organization created and pioneered the global field of social entrepreneurship?
1. Skoll Foundation
2. Social Enterprise Knowledge Network
3. Ashoka
4. Schwab Foundation
Which top 10 franchise was ranked # 1 for 2009 by Entrepreneur magazine?
1. Pizza Hut
2. McDonald's
3. Subway
4. Liberty Tax Service
True or False: New Zealand was listed in the Global Entrepreneurship Monitor (GEM) 2008 Report to have one of the top levels of high-growth expectation entrepreneurial activity (HEA) among innovation-driven economies.
1. True
2. False
With the current U.S. economic conditions, which industries were named "startup friendly" by Entrepreneur magazine?
1. Elderly and disabled services
2. Fashion design services
3. Landscaping services
4. All of the above
Which of the following is NOT true about a Limited Liability Company (LLC)?
1. Limits the liability of the owners from the debts of the business and lawsuits against the business.
2. Can be used for any lawful business as long as the nature of the business is not banking, insurance, and certain professional service operations.
3. Is an entity that is separate from its owners and is formed under the laws of the state in which it is operates, with Articles of Incorporation.
4. Profits and losses are passed on to the LLC members depending on their share of membership

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	Think you have what it takes to be an entrepreneur? Test your knowledge with our short quiz on entrepreneurship. According to the recent survey, "The Anatomy of an Entrepreneur" conducted by the Ewing Marion Kauffman Foundation, what is the average age of company founders when they started their current companies? 50 35 40 24 What percentage of company founders from the Ewing Marion Kauffman Foundation survey "The Anatomy of an Entrepreneur" had an advanced degree? 82 32 47 28 What percentage of 2009 Fortune 500 companies were started during a recession or bear market (or both). A bear market is typically defined as a period of time during which the stock index, such as the Dow Jones Industrial Average, falls 20 percent or more. 25 42 51 11 Which one of the following was named a start-up friendly city for 2009 by Entrepreneur magazine? New York, NY Denver, CO Las Vegas, NV Seattle, WA Which economist believed the most essential part of capitalism to be a process of constant re-invention or "Creative Destruction"? Joseph A. Schumpeter John Maynard Keynes Milton Friedman George Joseph Stigler Distinct from a business entrepreneur who sees value in the creation of new markets, the social entrepreneur aims for value in the form of transformational change that will benefit disadvantaged communities and ultimately society at large. Which organization created and pioneered the global field of social entrepreneurship? Skoll Foundation Social Enterprise Knowledge Network Ashoka Schwab Foundation Which top 10 franchise was ranked # 1 for 2009 by Entrepreneur magazine? Pizza Hut McDonald's Subway Liberty Tax Service True or False: New Zealand was listed in the Global Entrepreneurship Monitor (GEM) 2008 Report to have one of the top levels of high-growth expectation entrepreneurial activity (HEA) among innovation-driven economies. True False With the current U.S. economic conditions, which industries were named "startup friendly" by Entrepreneur magazine? Elderly and disabled services Fashion design services Landscaping services All of the above Which of the following is NOT true about a Limited Liability Company (LLC)? Limits the liability of the owners from the debts of the business and lawsuits against the business. Can be used for any lawful business as long as the nature of the business is not banking, insurance, and certain professional service operations. Is an entity that is separate from its owners and is formed under the laws of the state in which it is operates, with Articles of Incorporation. Profits and losses are passed on to the LLC members depending on their share of membership Please enter email and password to login or create an account: High School Graduation YearExpected Start Year Email Address Password Send me information: About The Princeton Review From schools that match my interests