Krolak EOPA Review

Krolak EOPA Review

12th Grade

30 Qs

quiz-placeholder

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Krolak EOPA Review

Krolak EOPA Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Mike Krolak

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine you want to invest in a business structure where you can own shares. Which type of business structure allows for this?

Sole Proprietorship

Partnership

Limited Liability Company

Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John is starting a new business and wants to ensure that his personal assets are protected in case the business faces any legal issues. Which business structure should he choose?

Partnership

Corporation

Limited Liability Company

Sole Proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John and Sarah decide to start a business together. What is a key feature of their business arrangement?

Limited liability for all members

Shares traded publicly

Owned by one person

Joint ownership and operation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imagine you're starting a new tech startup. Which planning tool is essential for guiding your startup's business activities?

SWOT analysis

Financial forecast

Business model canvas

Marketing plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technique is crucial for fostering business growth in a small tech startup?

Applying marketing techniques

Cost-cutting

Outsourcing

Product diversification

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can XYZ Corporation effectively manage its financial resources to ensure long-term success?

Planning and evaluating the use of financial resources

Cutting employee benefits

Through investment in stocks

By increasing debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When expanding your business to international markets, what is crucial for success?

Avoiding online marketing

Understanding and adapting to different cultures

Ignoring cultural differences

Focusing solely on local markets

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