Entrepreneurship Quiz

Entrepreneurship Quiz

12th Grade

20 Qs

quiz-placeholder

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Entrepreneurship Quiz

Entrepreneurship Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Art Rivera

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic often found in entrepreneurs according to the summary?

Pessimism

Dependence on others

Confidence

Lack of enthusiasm

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do successful entrepreneurs have that contributes to their success?

A product idea, potential customers, technical know-how, and financial resources

A large corporation

A partnership with unlimited liability

A sole proprietorship with limited liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can cause a business to disappear?

The owner decides to expand the business

The owner sells the business, retires, or dies

The business forms a partnership

The business becomes a corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole proprietorship?

A business owned by two or more people

A business with limited liability

A business one person owns

A business that is part of a corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of sole proprietorships?

They are difficult to form

They have unlimited liability

They require many owners

They cannot sell products or services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do partnerships generally compare to sole proprietorships in terms of financial resources?

Partnerships have less money than a sole proprietorship

Partnerships and sole proprietorships have the same amount of money

Partnerships generally have more money than a sole proprietorship

The financial resources of partnerships and sole proprietorships are not comparable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a unique feature of corporations compared to sole proprietorships and partnerships?

Corporations have unlimited liability

Corporations can sell stock shares

Corporations cannot enter into contracts

Corporations are owned by a single person

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