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Chapter 5 Intro to Business

Authored by Matthew Miller

Business

9th - 12th Grade

Used 2+ times

Chapter 5 Intro to Business
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurship is the process of

recognizing a business opportunity

using marketing research to determine if there is a market for a product or service

gathering the resources needed to go into business

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a business plan, the description of the business's advertising plan is included in the

competitive analysis

marketing plan

vision statement

product and service plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the biggest obstacles in starting a business is

accepting responsibility

being good at something

obtaining financing

having a good idea

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are examples of an industry except

auto mechanics

medical supply companies

financial services firms

food service businesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A vision statement

explains why the venture will succeed

establishes the scope and purpose of the company

expresses the specific aspirations of the company

includes the major goals that the company will try to reach

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are recommended traits for a career in entrepreneurship except being

enthusiastic

goal-oriented

a risk-taker

cost-conscious

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A brief account of the key points contained in a business plan is the

company description

executive summary

mission statement

vision statement

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