PBAM Unit 2 Review: Entrepreneurship

PBAM Unit 2 Review: Entrepreneurship

9th Grade

10 Qs

quiz-placeholder

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PBAM Unit 2 Review: Entrepreneurship

PBAM Unit 2 Review: Entrepreneurship

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Used 11+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which entity is defined as independent and has little influence on its market?

corporation

joint venture

small business

partnership

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Entrepreneurs often have more than one goal for starting a business and becoming self-employed. Which of the following reasons is the LEAST common goal of entrepreneurs?

to seek independence and be their own boss

to grow and expand a current business

to earn a comfortable living for a period of time

to meet community or social obligations

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the most significant disadvantage of owning a franchise?

start-up costs

difficulty obtaining loans

double taxation

competition

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is the most significant disadvantage of starting a business from scratch?

inability to franchise

having few employees

having competition

the risk of failure

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the most important source of money for new business start-ups?

the SBA

personal resources

government grants

venture capital

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following types of businesses is most common in the United States?

sole proprietorship

general partnership

corporation

limited partnership

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of business is legally considered a separate entity from its owners and is liable for its own debts?

sole proprietorship

general partnership

corporation

limited partnership

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