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