
ESB Domain 1 Lesson 2 Test Prep
Quiz
•
Computers
•
8th Grade
•
Practice Problem
•
Easy
W Glawson
Used 2+ times
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38 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
While watching Domain 1 Lesson 2, fill in the missing words according to the information presented by the instructor. [References are found in the brackets.] __________ is the amount of loss one is willing to take when making an investment decision. [Characteristics of an Entrepreneurial Mindset]
Risk tolerance
Profit margin
Investment return
Market volatility
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Having a __________ mindset means believing that one can accomplish anything through hard work. [Characteristics of an Entrepreneurial Mindset]
growth
fixed
static
limited
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An example of an __________ risk is a natural disaster. [Entrepreneurship Risks and Benefits]
environmental
financial
operational
strategic
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business opportunity is an __________ that lets a buyer start a business. [Characteristics of a Business Opportunity]
investment
obligation
liability
expense
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A __________ needs to be obtained to use a brand name on products. [Characteristics of a Business Opportunity]
license
permit
certificate
authorization
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The five factors that determine the viability of a business opportunity are __________, relationships, cash flow management, management skillsets, and passion. [Viability of a Business Opportunity]
market size
location
competition
innovation
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business plan helps a business achieve short-term and long-term __________.
goals
profits
expenses
losses
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