ENTP: Unit 1 Review, #2

ENTP: Unit 1 Review, #2

10th - 12th Grade

11 Qs

quiz-placeholder

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ENTP: Unit 1 Review, #2

ENTP: Unit 1 Review, #2

Assessment

Quiz

Life Skills, Business

10th - 12th Grade

Medium

Created by

William MillbrookHS

Used 11+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Market research is a systematic process of collecting, analyzing and interpreting information.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is true regarding training for entrepreneurial ventures?

Once entrepreneurs are educated or trained in their business field, they rarely need further education.

Most successful entrepreneurs have degrees from four-year colleges or universities.

The type of training and education that entrepreneurs need depends on the nature of the start-up business.

Most entrepreneurs must pass state-mandated exams to operate their business.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When writing a letter of inquiry, when should the purpose of the letter be revealed?

At the beginning of the letter

After describing the company

Once the recipient has agreed to meet

After identifying what prompted the inquiry (such as an advertisement)

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Governments can encourage entrepreneurial development by performing which action?

Increasing interest rates on loans

Deregulating and reducing taxes

Establishing higher ethical standards

Passing more legislation with strict guidelines

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What component is important to include in all types of inquiry letters?

Contact information

Personal qualifications

Project specifications

Attention-getting title

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a disadvantage of entrepreneurship?

Fewer resources

Personal Satisfaction

Lower Taxes

Uncertain income

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is a financial concern that entrepreneurs often face when starting new businesses?

Irregular paychecks

Long working hours

Shorter vacations

Lower production standards

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