Principles of Business - Chapter 6

Principles of Business - Chapter 6

9th - 12th Grade

31 Qs

quiz-placeholder

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Principles of Business - Chapter 6

Principles of Business - Chapter 6

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Medium

Created by

Lonni Sanchez

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most of the money needed to start a new business comes from

the sale of stock

credit given by businesses

personal and business loans

the entrepreneur and his/her family

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All entrepreneurship opportunities emerge from inventions and innovations.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Successful entrepreneurs tend to have all the following characteristics EXCEPT

energetic

goal-oriented

creative

hesitant

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the LEAST important factor in becoming an entrepreneur?

living in a major U.S. city

having special skills & abilities

desire to be your own boss

developing a good business plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you start a new business, you need information about

competitors

government regulations

customers

all of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is location important to small businesses?

Most need good foot traffic to survive

many will stay away if it's not easy to find

customers don't want to travel far

all of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal agency that helps small business owners obtain financing and other support is known as

OSHA

Chamber of Commerce

Small Business Administration

Proprietorship

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