Exploring Business & Entrepreneurship

What type of business is owned by one person?

• Partnership

• Sole Proprietorship

• Franchise

• Corporation

What is a personal characteristic of a successful entrepreneur who is not afraid to ask questions to solve problems?

• Persistent

• Creative

• Responsible

• Inquisitive

In which stage of the entrepreneurial process does the entrepreneur develop the business plan?

• Discovery

• Concept Development

• Resourcing

• Actualization

Which is an example of a service?

• Car Wash

• Televison

• Clothing

• Shoes

Which function of a business makes sure that the organization meets its goals and obligations in every department?

• Information Technology

• Management

• Human Resource

• Operations

Which component of a business plan analyzes demographic, geographic, and economic data?

• Executive Summary

• Product/Service Plan

• Management Team Plan

• Industry/Market Analysis

What type of business is owned by two or more people?

• Sole Proprietorship

• Partnership

• Franchise

• Corporation

In which stage of the entrepreneurial process does the entrepreneur develop the 5-year plan?

• Discovery

• Concept Development

• Actualization

• Harvesting

What type of business has facilities and assets located in at least one country other than its home country?

• Franchise

• Multi-national Corporation

• Partnership

• Sole Proprietorship

Which function of a business selects the benefits that a company offers and enrolls employees in benefit programs?

• Accounting

• Management

• Operations

• Human Resource