Intro to Business Final Exam Review

Intro to Business Final Exam Review

8th - 12th Grade

19 Qs

quiz-placeholder

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Intro to Business Final Exam Review

Intro to Business Final Exam Review

Assessment

Quiz

Business

8th - 12th Grade

Medium

Created by

Teresa Tzaferis

Used 65+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When developing a product or service, a business must do all of the following except

create a need for the product or service

evaluate the demand for the product or service.

obtain start-up and operating capital.

keep records to satisfy government requirements.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the biggest obstacles in starting a business is

having a good idea.

being good at something.

accepting responsibility.

obtaining financing.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written description of a business venture that describes all aspects of the business is called

a company charter.

a company policy.

a business plan.

an executive summary.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

SBA stands for

Start-Up business

Small Business Agency

Small Business Administration

Small Business of America

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Challenges an entrepreneur might face include all of the following except

risk of losing their investment.

profit.

getting start-up funds.

being fully responsible for the business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The description of the business's media plan is included in the

marketing plan

product and service plan.

executive summary

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There are three (3) main types of business organizations: sole proprietorships, partnerships, and corporations.

True

False

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