Small Business Quiz

Small Business Quiz

12th Grade

13 Qs

quiz-placeholder

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Small Business Quiz

Small Business Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Robert Kelly

Used 1+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur willing to explore?

Only safe and known opportunities

New opportunities and unknown risks

Opportunities with guaranteed success

Only opportunities with no competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of digital goods?

No need for physical storage

Requires additional employees

Instant delivery

Difficult to demonstrate value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a transaction called when a customer purchases an item from a business?

Business-to-business transaction (B2B)

Business-to-consumer transaction (B2C)

Consumer-to-consumer transaction (C2C)

Consumer-to-business transaction (C2B)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a B2C transaction, who is the buyer?

Another business

A consumer

A supplier

A manufacturer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which transaction type commonly takes place when one business supplies materials to another business?

B2C

C2B

B2B

C2C

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a partnership, how many parties are involved in managing the business?

One

Two or more

None

Only two

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is responsible for the debts in a sole proprietorship?

The government

The owner

The partners

No one

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