Entrepreneurship and Business Quiz

What is the relationship between an entrepreneur and entrepreneurship?

• Entrepreneurs create businesses but do not manage them.

• Entrepreneurship is a type of business owned by an entrepreneur.

• Entrepreneurship is the process of managing a business without any risk.

• An entrepreneur is someone who practices entrepreneurship by starting and managing a business.

Mrs. Cruz goes to the market to buy fresh vegetables. The seller greets her with a smile and helps her choose the best ones. How does this affect their relationship?

• It makes the seller lose a customer.

• It has no effect on their relationship.

• It makes Mrs. Cruz not want to return to the market.

• It makes Mrs. Cruz trust the seller and want to buy again.

What role does the local bakery play in the local economy?

• It has no impact on the local economy.

• It creates competition for other businesses in the area.

• It focuses on selling only bread, without expanding its product range.

• It provides employment opportunities and offers goods that contribute to local economic activity.

Why is providing good service important in the market?

• It helps business owners avoid competition from other stores.

• It allows business owners to increase prices without complaints.

• It makes customers buy products even if they are not high quality.

• It helps attract and keep customers, making the business successful.

Maria loves baking and has been making delicious cakes for her friends and family for years. She decides to open a small bakery to sell her cakes to others. Why did Maria decide to start her own small business?

• To only bake cakes for free.

• To help others run their businesses.

• To avoid working at a larger company.

• To share her love for baking with others and earn income from her passion.

Lily wants to sell handmade greeting cards. She writes in her business plan about the people in her community who might buy the cards, like her neighbors and friends. This part of the plan is called the________.

• Target Market

• Marketing Plan

• Business Name

• Cost and Pricing

Sarah plans to sell homemade jewelry at the local market. In her business plan, she explains how she will tell others about her jewelry, like through social media and flyers. This part is called the _______________.

• Business Description

• Marketing Plan

• Business Name

• Cost and Pricing

Garry enter “= B1*B2” in a cell, Excel will display the product of the values in B1 and C1.

• True

• False

Garry added the save button to the Quick Access Toolbar to include among his frequently used commands.

• True

• False

Garry must type formulas in the Status Bar to perform calculations.

• True

• False