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FBLA Entrepreneurship

Authored by Tayla C

Business

10th Grade

Used 12+ times

FBLA Entrepreneurship
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52 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The statement of purpose in a business plan should be:

a. however long it takes to explain the business thoroughly

b. no longer than one or two pages

c. exactly one sentence

d. no more than one or two paragraphs

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The appendix to a business plan would likely include:

a. the statement of purpose

b. demographics about the location for the new businness

c. a copy of the owner's resume

d. preform a financial statements

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What type of business is the plant that manufactures polo clothing?

a. manufacturing business

b. retailing business

c. service business

d. wholesaling business

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Lexi decides to open a shoe store. she is operating a ____ business.

a. retailing

b. service

c. wholesaling

d. manufacturing

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Things that a person owns are called:

a. liabilities

b. net worth

c. equity

d assets

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The list of people who receive salary or wage payments from a business is called a(n):

a. payroll

b. workforce

c. account payable

d. liability

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The __ is a financial statement that shows how much money is available to pay bills.

a. balance sheet

b. pro forma financial statement

c. income statement

d. cash flow statement

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