Entrepreneurship and Business Quiz

What is entrepreneurship?

• The process of managing the flow of goods and services

• The process of willingly risking resources to start and run a business in pursuit of a profit

• A trade agreement among the United States, Canada & Mexico

• The movement of money into and out of a business

What does the term 'Franchise' refer to?

• A person or company that buys the rights to use a brand

• The original business that sells the right to use its name and idea

• Goods and services that are produced within a country’s borders and sold in another company

• The amount by which the value of a country's exports exceeds the cost of its imports

What does 'Diversity' mean in a business context?

• The movement of money into and out of a business

• Having people from different backgrounds, cultures, or demographics coming together in a group

• A Parent company that owns a chain and the brand

• Body of laws related to the exchange of goods and services for international trade

Who is a 'Franchisee'?

• The original business that sells the right to use its name and idea

• A Parent company that owns a chain and the brand

• Person or company that buys the rights to use a brand

• A trade agreement among the United States, Canada & Mexico

What is 'Trade Policy'?

• The movement of money into and out of a business

• Planning and managing the flow of goods services and people to a destination

• Body of laws related to the exchange of goods and services for international trade

• The amount by which the value of a country's exports exceeds the cost of its imports

What is a 'Franchisor'?

• A person or company that buys the rights to use a brand

• The original business that sells the right to use its name and idea

• A Parent company that owns a chain and the brand

• The process of willingly risking resources to start and run a business in pursuit of a profit

What are 'Exports'?

• Goods and services that are produced within a country’s borders and sold in another company

• The process of managing the flow of goods and services

• A trade agreement among the United States, Canada & Mexico

• The movement of money into and out of a business

What does 'Logistics' involve?

• The process of willingly risking resources to start and run a business in pursuit of a profit

• The original business that sells the right to use its name and idea

• Planning and managing the flow of goods services and people to a destination

• The amount by which the value of a country's exports exceeds the cost of its imports

What is 'NAFTA'?

• The process of managing the flow of goods and services

• The movement of money into and out of a business

• A trade agreement among the United States, Canada & Mexico

• The amount by which the value of a country's exports exceeds the cost of its imports

What is 'Cash Flow'?

• The movement of money into and out of a business

• The process of willingly risking resources to start and run a business in pursuit of a profit

• A trade agreement among the United States, Canada & Mexico

• Planning and managing the flow of goods services and people to a destination