Entrepreneurship Quiz Review

Which describes a market?

• Someone who creates, owns, and potentially runs a business

• A group of people or businesses who are able to purchase a particular product or service

• Investors or lenders who loan money to start the business

• People who study the demand for goods and services.

Which of the following is a social science that studies how people satisfy their demands for goods and services?

• Socionomics

• Ergonomics

• Genamics

• Economics

Which is an entrepreneur?

• Someone who invests in someone else's company

• People or businesses who are able to purchase a particular product or service

• Someone who creates, owns, and potentially runs a business

• A banker who loans the business money

What is take home pay?

• The amount of money left over after all deductions

• Money paid to the US federal government

• Your monthly expenses

• Money received from individuals or businesses

What is income?

• The amount left over after all deductions

• Money received by individuals or businesses

• Money you saved to start your business

• Money paid to the US federal government

Which of the following describe a spending plan?

• Money you receive from individuals or businesses

• Monthy costs

• Deciding how to spend your money wisely

• Money left over after all the deductions

Which of the following does NOT describe an entrepreneur?

• Unwilling to take risks

• Creates their own business

• Acts as their own boss

• Creative and persistent

Which of the following is a way of briefly sharing the most important information about your business to people in an engaging way?

• Business Plan

• Business Pitch

• Spending Plan

• Startup Plan

Which of the following is an overview of your business goals and includes details on how you are going to achieve them?

• Spending Plan

• Startup Plan

• Business Pitch

• Business Plan

When starting a business, what is it called when you determine if your business meets a consumer need or want?

• Market Polling

• Market Research

• Market Shopping

• Market Interviews