Traits of Successful Business Owners

Traits of Successful Business Owners

9th Grade

15 Qs

quiz-placeholder

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Traits of Successful Business Owners

Traits of Successful Business Owners

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Jason Harman

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of traits that are common among successful business owners, how does perseverance help an entrepreneur succeed?

by retaining momentum despite setbacks

by providing joy in the work itself

by ensuring a focus on sales numbers

by improving staff management skills

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that has no formal registration (like a sole proprietorship) can't legally be sold or transferred to anyone else. Is this statement true or false?

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What two measurements most define the concept of market balance?

profit and loss

assets and liabilities

supply and demand

growth and decline

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company owns a warehouse—they've paid off the mortgage and have no monthly payments for it. What is the warehouse, to that company?

An asset

A liability

An expense

A revenue

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a partnership decides to dissolve and there is no formal agreement on profit sharing, what is considered the most fair way to divide the profits according to a judge?

Based on the relative amounts each partner invested in the company

Legally, the money must be divided equally among all owners

Prioritizing whoever owned the business longer

Based on who was a better, more reliable, and more efficient worker

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a product to be successful, is it essential that customers believe they need that product?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where should one start when reviewing a business plan to get a high-level overview before analyzing the details?

Executive summary

Market analysis

Organizational structure

Marketing plan

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