Entrepreneurship, Franchise & Small Business Quiz

Entrepreneurship, Franchise & Small Business Quiz

12th Grade

15 Qs

quiz-placeholder

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Entrepreneurship, Franchise & Small Business Quiz

Entrepreneurship, Franchise & Small Business Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

CCSS
RI.11-12.5, RI.6.5, RI.7.5

+2

Standards-aligned

Created by

Natalie Harmon

Used 9+ times

FREE Resource

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two ways entrepreneurs and their small businesses provide a positive impact on the economy?

Create jobs and provide specialized products

Increase taxes and reduce competition

Decrease demand for products and increase prices

Limit consumer choices and reduce quality

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two disadvantages or negatives of owning your own business?

High failure rate and personal financial risk

Creative freedom and low costs

High success rate and low stress

Easy decision-making and high profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common feature of a franchise?

High creative freedom

High success rate compared to other types of business

Low upfront costs

No adherence to franchisor's format

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a service business?

A bookstore

A restaurant

A consulting firm

A clothing retailer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way a start-up differs from an existing business?

Higher cost of buying

More creative freedom

Less chance of success

More established customer base

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way the Small Business Administration supports entrepreneurs?

Reducing business taxes

Providing workshops and seminars

Limiting business growth

Increasing competition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of a franchise?

No need for a trademark

High creative freedom

Legal relationship between two parties

Low success rate

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