Chapter 6 Small Business Basics Quiz

Chapter 6 Small Business Basics Quiz

9th Grade

38 Qs

quiz-placeholder

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Chapter 6 Small Business Basics Quiz

Chapter 6 Small Business Basics Quiz

Assessment

Passage

Business

9th Grade

Medium

general, products/ services, LEGAL STRUCTURES

Standards-aligned

Created by

Jeff Hutchinson

Used 17+ times

FREE Resource

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of job growth comes from businesses with fewer than 20 employees?

20.1%

24.9%

36.3%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the sources of financing that entrepreneurs use for their new businesses?

A loan

Credit

Start-up funding

Venture capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do innovation, invention, and improvement have to do with entrepreneurship opportunities?

Creating new products and services

Developing new marketing strategies

Expanding into international markets

Improving customer service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of small businesses are home-based businesses?

75%

90%

50%

25%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason that businesses started by entrepreneurs close?

Higher than expected expenses

Lack of adequate capital

Low sales

Competitive pressure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a small business according to the Small Business Administration?

Fewer than 50 employees

Fewer than 100 employees

Fewer than 1000 employees

Fewer than 500 employees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the percentage of small businesses with African-American, Asian-American, or Hispanic-American ownership?

15%

10%

17%

5%

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