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Pre-Test in Entrepreneurship

Authored by Maricris Balboa

Business

12th Grade

Used 7+ times

Pre-Test in Entrepreneurship
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A. Someone who invests time and money to start a business.

B. Someone who makes a lot of money.

C. Someone who takes a risk to make a profit.

D. Both A & C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Free Enterprise:

A. A business taking a risk to make a profit.

B. A program administered by the Government.

C. People in business trying to make a profit.

D. A business adventure or undertaking.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quality Control is defined as:

A. Controlling the cost of the product.

B. Controlling the number of pieces produced.

C. Producing & monitoring products so they are acceptable to the consumer.

D. Producing & monitoring products so they are acceptable to the workers.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market survey is important because it tells you:

A. How many & what types of people are shopping at a store.

B. Tells you what the customer will buy.

C. Tells you how much the customer will pay for the product.

D. All of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net profit is the:

A. Amount of money you get for profit lab.

B. Amount of money collected from selling products.

C. Amount of money your product costs to produce.

D. Has nothing to do with money.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What things could you change to adjust your profit?

A. Price.

B. Number.

C. Less expensive supply sources.

D. All of the above.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement.

Marketing Plan

Product Plan

Business Plan

Financial Plan

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