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ESB V2 Quiz 1

Authored by Tanisha Clayton

Computers

9th Grade

Used 4+ times

ESB V2 Quiz 1
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of an entrepreneur?

To secure a job in a large corporation

To solve a problem or fulfill a need in the market

To invest in the stock market

To become famous

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key component of business management?

Planning

Leading

Budgeting

Ignoring customer feedback

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in starting a business?

Hiring employees

Developing a business plan

Renting office space

Selling products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is crucial for effective business operations?

Constantly changing the business focus

Ignoring market research

Efficient workflow and processes

Avoiding technology

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of marketing?

To increase product prices

To communicate the value of a product or service to customers

To reduce the quality of products

To ignore customer needs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key element of financial management in a business?

Spending all profits immediately

Ignoring tax obligations

Maintaining accurate records

Avoiding budgeting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes entrepreneurship?

Avoiding risks at all costs

Following the status quo

Creating and managing a new business to achieve profit

Working as an employee in an established company

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