Business Essentials Ch 6

Business Essentials Ch 6

9th - 12th Grade

26 Qs

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Business Essentials Ch 6

Business Essentials Ch 6

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Zack Vogel

Used 5+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most business plans are updated

every six months

annually

every five years

whenever the business hires a new employee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many entrepreneurs own their first business while in their teens.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most of the $ needed to start a business comes from the entrepreneur and their bank

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The American private enterprise system discourages risk-taking and innovation.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Part of a business plan that discusses sales forecasts & location and number of potential customers

inventory

description of competition

Small Business Administration

customer analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Part of a business plan that discusses the industry characteristics and the economy.

customer analysis

description of competition

inventory

venture capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Products or raw materials a business keeps on hand.

customer analysis

description of competition

inventory

venture capital

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