Business Concepts Quiz 1.1

Which of the following describes the act of running your own business as your own boss?

• Innovation

• Self-employed

• Small-business owner

• Intrapreneur

What do we call the process where companies expand their operations beyond their local borders to international markets?

• Globalization

• Entrepreneurialism

• Innovation

• Risk

An individual who promotes innovative ideas and product development from within an organization is known as a(n):

• Entrepreneur

• Intrapreneur

• Small-business owner

• Manager

What is the term for a potential threat that could impact a business's ability to meet its profit goals?

• Globalization

• Risk

• Etiquette

• Passion

What term refers to creating something new, like a product or service, that has never been seen before?

• Intrapreneur

• Innovation

• Passion

• Etiquette

Which term describes a strong emotional commitment to a particular task or business goal?

• Risk

• Passion

• Innovation

• Manager

What is the customary set of rules for polite behavior in professional and social settings called?

• Etiquette

• Manager

• Globalization

• Self-employed

Who is in charge of ensuring that resources are used effectively to meet the goals of an organization?

• Intrapreneur

• Manager

• Entrepreneur

• Small-business owner

Which type of business is defined by having 500 or fewer employees?

• Small business

• Entrepreneurial startup

• Global enterprise

• Self-employed business

What do we call a business owner whose main goal is generating income without plans for major expansion?

• Small-business owner

• Entrepreneur

• Manager

• Intrapreneur