BIM I - Quiz 1 Review

Which of the following is the process of starting & operating one's own business?

• Entrepreneurship
• Venture
• Endeavor
• Consumerism

Who can own a small business?

• Anyone
• Only smart people
• Only someone with a lot of money
• Only a college graduate

What is an entrepreneur?

• A person who organizes and operates a business or businesses.
• A person who works for someone else in order to learn skills.
• A person who is in charge of a speci
• None of these

TRUE or FALSE: ALL entrepreneurs have a college degree.

• False
• True

Which of the following is a retail business?

• Car dealership
• Auto Body Shop
• Barber
• Lawn mowing business

Which of the following means to show or explain in detail?

• Describe
• Demonstrate
• Find
• Tell

Which of these is a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.?

• Logo
• Copyright
• Slogan
• Trademark

The activity of presenting products or services to customers refers to:

• marketing
• producing
• selling
• forcing

Creating a new or different product is also known as:

• Innovation
• Risk
• Opportunity
• Harvesting

Applying principles of right and wrong to situations in the workplace is the definition of:

• Business Ethics
• Opportunity
• Risk
• Innovation