Business Studies

Business Studies

8th Grade

20 Qs

quiz-placeholder

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Business Studies

Business Studies

Assessment

Quiz

Business

8th Grade

Medium

Created by

Sayumi Rajapakse

Used 124+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is an entrepreneur?

Grants a license to another

person or business

Entrepreneur is a person who organizes, operates and takes the risk for a new business venture.

The owner of a business

These are closely held businesses usually by family, friends and relatives.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A disadvantage of being an entrepreneur?

Opportunity cost

May become famous and successful if the business grows.

Profit and income may be higher than the salary received from an employee.

You make money doing something you love.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A FAMOUS ENTREPRENEUR we have learned?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Characteristic of entrepreneurs?

Friendly

Lazy

Weak communicator

Optimistic

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a business plan?

Business plan should clearly layout the long term milestones that are most important to

the success of your business.

Business plan answers investor questions such as: is there a need for product/service? ;

What are the financial projections? ; What is the company’s existing strategy?

It is a written document that describes in detail how and a business (usually a start-up) defines

its objectives and how it is to go about achieving its goals.

Creating business plan forces you to analyse the competition. It can be direct or indirect

and it is critical to understand the company’s competitive advantage.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is included in a business plan?

Name of workers

Finance plan

Expense

Income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A method of measuring business size?

Value of sales

Names of workers

Research

Business idea and help

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