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Intro to Business - Chapter 6

Authored by Lucas Grossnicklaus

Business

9th - 12th Grade

Used 1K+ times

Intro to Business - Chapter 6
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the United States, nearly as many small businesses close as begin each year.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is easier for a small business to meet the precise needs of customers than a large business.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many small businesses fail simply because they are not located in the right spot.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is probably the LEAST important factor in becoming an entrepreneur?

living in a major U.S. city

having special skills and abilities

having a real desire to be your own boss

developing a good initial business plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Successful entrepreneurs tend to have all of the following characteristics EXCEPT:

energetic

goal-oriented

creative

hesitant

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs:

almost never own their first business while in their teens

come from all age categories and educational backgrounds

must have a business degree to be successful

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Adding a new ingredient to an existing laundry detergent is an example of:

improvement

invention

innovation

opportunity cost

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