Entrepreneurship Mock Exam General Management Pathway

Entrepreneurship Mock Exam General Management Pathway

11th Grade

113 Qs

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Entrepreneurship Mock Exam General Management Pathway

Entrepreneurship Mock Exam General Management Pathway

Assessment

Quiz

Other

11th Grade

Medium

Created by

Odane Rose

Used 9+ times

FREE Resource

113 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the simplest form of business organization where one person owns and operates the business?

Limited Liability Company

Corporation

Sole Proprietorship

Partnership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business involves two or more individuals sharing the responsibilities and profits of the business?

Sole proprietorship

Limited liability company

Corporation

Partnership

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business structure is considered a separate legal entity from its owners, providing limited liability protection?

General Partnership

Sole Proprietorship

Corporation

Limited Liability Company (LLC)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business entity combines the flexibility and tax benefits of a partnership with the limited liability of a corporation?

Limited Liability Company (LLC)

Limited Liability Partnership (LLP)

General Partnership

Sole Proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business arrangement allows an individual or group to use the name and business model of an existing successful business?

Franchise

Collaboration

Partnership

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of organization operates for educational, charitable, religious, or other purposes rather than making a profit?

Profit organization

Nonprofit organization

Commercial organization

Business organization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the essential planning tools used to guide and manage an organization's business activities?

PEST analysis, SWOT analysis, KPIs, Pareto analysis

Budgeting, Six Sigma, Benchmarking, Value Chain Analysis

Fishbone diagram, McKinsey 7S Framework, Critical Path Method, Porter's Five Forces

SWOT analysis, PESTLE analysis, Balanced Scorecard, Gantt charts

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