Business and Entrepreneurship  Review

Business and Entrepreneurship Review

8th Grade

25 Qs

quiz-placeholder

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Business and Entrepreneurship  Review

Business and Entrepreneurship Review

Assessment

Quiz

Business

8th Grade

Practice Problem

Medium

Created by

James Mimnaugh

Used 8+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT one of the 4P’s of the marketing mix?

Price

Product

People

Place

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different forms of business?

Sole Proprietorship, Partnership, Corporation

Entrepreneur and Small Business owner

Limited Liability and Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ refers to a person who owns the business and is personally responsible its debts.

Partnership

Corporation

Sole Proprietorship

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT an advantage of a partnership?

Easy to establish

Do not have to pay income tax

Double Taxation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a monopoly?

A business market where the seller faces no competition.

A board game in which you cannot pass go or collect $200.00.

A business that only has one other competitor.

A business that has many competitors.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are needs?

Video game and water

Shelter and food

A big hotel and gourmet meal

Water and iPhone X

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What happens to demand if supply increases up?

Decreases

Increases

Stays the same

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