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Entrepreneurship Test Review

Professional Development

9th Grade - University

Used 100+ times

Entrepreneurship Test Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______________ is a quick description of your business that you use to explain it to potential investors.

sales forecast
business picth
business analysis 
business plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________ are the operating expenses that a business must pay regardless of how many sales are made.

fixed operating expenses
variable expenses
profits
production cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___________ is a potential group of customers, people, or businesses that are able and willing to purchase a particular product or service.

an indirect competiter
the market
sales force
a direct competitor 

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market.

audience analysis
competition report
market research
a customer report

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called ______________.

overhead
profit
salary
contribution margin

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a SWOT analysis evaluate?

trengths, Weaknesses, Opposition, Threats
Strengths, Weaknesses, Opportunities, Targets
Symptoms, Weaknesses, Opportunities, Threats
Which of the following is NOT considered a risk of being an entrepreneur?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT considered a risk of being an entrepreneur?

potential business failure
financial insecurity
long hours and hard work
providing value to others

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