MAN 1107 CH 6 ENTRE

MAN 1107 CH 6 ENTRE

11th Grade

29 Qs

quiz-placeholder

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MAN 1107 CH 6 ENTRE

MAN 1107 CH 6 ENTRE

Assessment

Quiz

Business

11th Grade

Hard

Created by

Pamala Smith

Used 26+ times

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29 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      The Small Business Administration defines a small business as a firm that:

is independently owned but not dominant in its industry.
has annual receipts of more than a specified amount depending upon the industry.
has fewer than 100 partners.
is dominant in its industry, but small in the number of workers it employs.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2.      Which one of the following is not a type of Entrepreneur:

Typical Entrepreneurs
Social Entrepreneurs
Serial Entrepreneurs
Lifestyle Entrepreneurs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3.      For an Entrepreneur, the main purpose of starting and operating a business is to:

make a profit
become famous
provide jobs
increase owner wealth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4.      Entrepreneurs are motivated to take risks by their:

ability to raise funding to start their business.
desire to gamble with their futures.
confidence in their understanding of the business environment.
knowing that they will work harder than anyone else.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.      One of the challenges of running a home-based business is:

managing the extra time on your hands.
burdensome tax laws.
an increase in business risk.
keeping work and family tasks separate.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6.      All of the following are characteristics of a successful Entrepreneur except:

Physical and Emotional Stamina
Supportive Family
Self-Starter
Slow and Methodical in Making Decisions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.      All of the following are fears that most Entrepreneurs have that they must overcome in order to turn their idea into reality except:

Lack of Security
Lack of Competition
Lack of Ideas
Lack of Money

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