Small business

Small business

University

10 Qs

quiz-placeholder

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Entrepreneurship and Small Business Quiz

Entrepreneurship and Small Business Quiz

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Small business

Small business

Assessment

Quiz

Business

University

Medium

Created by

Shie Espino

Used 152+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a type of business that is owned & operated by 1 person.

sole proprietorship

partnership

Corporation

franchise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of business ownership where 2 or more people share the assets, liabilities and profits.

partnership

sole proprietorship

corporation

franchise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of business that sells products directly to consumers.

retail business

e-commerce business

service business

e-marketing business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Work that is done for others is what type of business organization?

service business

business plan

retail business

blue print

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many small businesses have an advantage over larger businesses because they are better able to _____

Provide unique services to customers

Market their products

Raise large amounts of financial capital

Mass produce products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a common reason for the failure of small businesses?

A lack of sufficient start-up money

Shortage of skilled workers

lack of management experience

failure to manage credit offered to customers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You will likely pay more for a product or service from a small company than from a large one.

true

false

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