Entrepreneurship Concepts

Entrepreneurship Concepts

9th Grade

20 Qs

quiz-placeholder

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Entrepreneurship Concepts

Entrepreneurship Concepts

Assessment

Quiz

Business

9th Grade

Practice Problem

Easy

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step in starting a business is usually

Conducting market research

Developing a business idea

Creating a marketing plan

Securing funding

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This form of business ownership allows partners to have the right to participate in management and have limited liability for company debts.

LLP (Limited Liability Partnership)

Sole Proprietorship

General Partnership

Corporation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A privately owned and operated enterprise, typically with a small number of employees

Small business

Large corporation

Non-profit organization

Franchise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The form of business ownership in which a business is considered a legal entity that is separate from its owners is called:

A partnership

A sole proprietorship

A corporation

A limited liability company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business ownership offers both limited liability to its owners and flexible tax treatment, allowing owners to decide if they want their business taxed as a corporation or partnership.

Sole Proprietorship

Corporation

LLC (Limited Liability Company)

Partnership

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three main forms of business ownership are:

Corporation, partnership, and sole proprietorship

Limited liability company, corporation, and partnership

Sole proprietorship, cooperative, and franchise

Partnership, corporation, and joint venture

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After starting his business, Zachary created a document to describe his business concept, objectives, strategies, and timelines for achieving those objectives. What is this document called?

Business model

Business strategy

Business plan

Business proposal

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