
CM: Economics
Quiz
•
9th - 12th Grade
•
Easy
Used 4+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ownership, organization, and management of a business is referred to as a/an:
certification.
entrepreneurship.
licensure.
incorporation.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A primary source of information for would-be entrepreneurs is the:
Small Business Administration.
Employment Security Commission.
Internal Revenue Service.
Cooperative Education Administration.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a disadvantage of entrepreneurship?
Working flexible schedule
Performing a variety of tasks
Working for oneself
Varying income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A key quality of success for an entrepreneur is
letting someone else manage the project.
using only personal resources.
not taking risks.
being innovative.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage of a sole proprietorship is:
the owner makes all decisions.
there is little financial risk to the owner.
start-up costs are lower.
goodwill is already established in the community.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any money or equipment invested in running a business is referred to as:
franchise.
profit.
capital.
risk.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of an entrepreneur?
Mostly retired
Has the personality to be self-employed
Follows the leadership of others
Avoids risks
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