Introduction to Business and Technology (PreTest)

Introduction to Business and Technology (PreTest)

12th Grade

72 Qs

quiz-placeholder

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Introduction to Business and Technology (PreTest)

Introduction to Business and Technology (PreTest)

Assessment

Quiz

Business

12th Grade

Hard

Created by

Crystal Wooten

Used 10+ times

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72 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All but which of the following is considered to be a myth associated with entrepreneurship?

Successful entrepreneurs are born not made

First ventures are always successful

All entrepreneurs must willingly invest significant sums of money

Successful entrepreneurs must have a break-through invention

An entrepreneur faces extraordinary business risks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A/An ___ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

strategic alliance

coporation

entrepreneurship

proprietorship

small business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not considered a common characteristic of an entrepreneur?

Internal focus of control

High need for achievement

Self-confidence

External focus of control

Willingness to take risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an ____.

inventor

opportunist

hacker

craftsman

crafts person

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Common reasons for entrepreneurial failure include all but which one of the following?

Poor implementation

lack of capital

adequate financial support

faulty product design

ineffective human resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A/An ___ is defined as the blueprint describing the business strategy for entering the marketplace and explains the business to potential investors.

business alliance

spin-off

intrapreneuship

competitor analysis

business plan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Of the following, which one is not considered a key component of a business plan?

sources of funding

market trend analysis

methods for dissolution of the organization

description of products or services

expansion plans

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