Entrepreneurs Quiz

The costs of operating a business are often called _____ expenses.

• fixed

• overhead 

• variable 

• markdown

___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market.

• Competition report

• A customer report

• Market survey

• Audience analysis

What does a SWOT analysis evaluate?

• Strengths, Weaknesses, Opposition, Threats

• Strengths, Weaknesses, Opportunities, Threats

• Strengths, Weaknesses, Opportunities, Targets

• Symptoms, Weaknesses, Opportunities, Threats

What is the definition of an entrepreneur?

• An entrepreneur is someone who manages a business.

• An entrepreneur is someone who owns a business and makes profit from that business

• An entrepreneur is someone who creates a business and potentially makes money and runs the business.

• None of these

The individuals or companies that are interested in a particular product or service an are willing and able to pay for it

• Target market

• Sole proprietor

• Equity

• Partnership

Which of the following is a start-up expense for Maria's food truck?

• a new engine for the truck

• Cell phone bill

• Gas

• All of the above

A business owned by a group of people and authorized by the state in which it is located to act as though it were a single person

• Sole Proprietor 

• Partnership

• Franchise

• Corporation

Two or more owners share the profits and losses of the business

• Partnership

• Corporation

• Franchise 

• Sole Proprietor

Which type of business buys large amounts of good and sells them to retailers?

• manufacturing

• wholesale

• retail

Which type of business produces goods?

• manufacturing

• retail

• wholesale

• target market