Intro Final Prep

Intro Final Prep

9th - 12th Grade

55 Qs

quiz-placeholder

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Intro Final Prep

Intro Final Prep

Assessment

Quiz

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9th - 12th Grade

Medium

Created by

Victoria Flynn

Used 30+ times

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55 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 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.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

SBA stands for

Start-Up business

Small Business Agency

Small Business Administration

Small Business of America

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the following are disadvantages of forming a corporation except

increased government regulation.

limited liability.

double taxation.

difficult to start.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the following are disadvantages of forming a corporation except

double taxation

limited liability

government regulation

difficult to start

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Creating goals and objectives as well as strategies to meet them

organizing

planning.

leading.

controlling.

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