
ENT CHAPTER 2 Quiz
Quiz
•
Computers
•
12th Grade
•
Medium
Brent Luplow
Used 30+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the Small Business Administration, the percentage of businesses that survive the first five years is about
44
50
67
75
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a common reason for failure of a new business?
Insufficient Start Up Capital
Lack of planning
Overestimating the competition
Unexpected Growth
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The road map or course of action to be taken for a start-up business is described in the
business plan
feasibility study
sales strategy
business license
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Finding a need for a good or service on which to base a start-up business is part of the
feasibility study
job search
discovery process
funding process
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items is classified as a need?
Computer
Food
Vacation
Cell Phone
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An analysis that helps a person decide whether a new product or service idea is worth pursuing is a
business strategy
financial overview
risk management evaluation
feasibility study
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of economy does the government determine what goods are produced, how much is produced, and the selling prices?
Traditional economy
Market economy
Mixed economy
Command economy
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