Business Quiz, GEI-3 V U-2

"Think outside the box" encourages considering:

• a) Traditional methods only

• b) Unconventional ideas

• c) Taking unnecessary risks

• d) Following the competition blindly

"Profit" is the financial gain a business makes.

• True

• False

Identifying a business opportunity often involves finding a gap in the:

• a) Technology

• b) Market

• c) Workforce

• d) Regulations

Receiving an unexpected opportunity in business can be described as:

• a) Getting a penalty

• b) Getting off the ground

• c) Getting a break

• d) Taking the plunge

Which word describes a small, specialized customer base?

• a) Mass market

• b) Niche market

• c) General audience

• d) Open market

Another way to say "run a business" is:

• a) Get a break

• b) Operate a business

• c) Provide a service

• d) Think outside the box

When someone advises you to "take the plunge," they are suggesting you:

• a) Avoid making a risky decision

• b) Make a bold and potentially rewarding choice

• c) Delegate tasks to others

• d) Wait for a better opportunity

The idiom "get off the ground" refers to:

• a) Taking a vacation

• b) Successfully launching a business

• c) Experiencing a financial loss

• d) Running a business for a long time

The "break-even point" refers to the point in a business where:

• a) You experience the most profit

• b) Revenue equals expenses

• c) You need to take a break from work

• d) You get a great business opportunity

Offering a service to customers is an example of what a business does to:

• a) Reduce costs

• b) Provide value

• c) Take a break

• d) Think outside the box