
1.00 ENT Final Exam Review
Authored by L.A. Hughes
Life Skills
10th - 12th Grade

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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Local governments strongly promote and support small businesses mainly due to which factor?
A. Businesses serve only the local communities.
B. Businesses are owned by one person.
C. Businesses may become big businesses.
D. Businesses are important to the economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is most likely to have a negative effect on domestic small-business growth?
A. Involuntary tax reductions
B. Restrictive loan policies
C. Low interest rates
D. Slow inflation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is true about entrepreneurship and small-business growth?
A. Trade regulations have very little effect on small-business growth.
B. Many people start entrepreneurial ventures during times of economic recession.
C. Small business start-ups are taxed at a higher rate than multinational companies.
D. Consumer spending is a primary factor that influences entrepreneurial
success.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which positive effect do small businesses have on the local community?
A. Reduction of competition
B. Pay in of taxes
C. Limitation on job growth
D. Charging of interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of entrepreneurship?
A. Fewer resources
B. Personal satisfaction
C. Lower taxes
D. Uncertain income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement is true regarding training for entrepreneurial ventures?
A. Organization
B. Optimism
C. Innovation
D. Determination
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trend that most likely affects the growth of entrepreneurial ventures?
A. A rise in the desire for slow-response times
B. The shift to an agricultural-based society
C. A higher demand for more convenience products
D. The reduced need for health care and related services
Entrepreneurship
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