Blitz Quiz

What is an entrepreneur?

• A person who works for a company

• A person who starts and runs their own business

• A person who invests in stocks only

• A person who manages government projects

Which of the following is NOT a characteristic of a successful entrepreneur?

• Risk-taking

• Creativity

• Fear of failure

• Persistence

What is the primary goal of a business?

• To provide jobs

• To make a profit

• To pay taxes

• To compete with others

Which of the following is an example of a fixed cost in a business?

• Raw materials

• Employee wages

• Rent for the business premises

• Advertising expenses

What is a business plan?

• A document that outlines the goals and strategies of a business

• A list of employees in a company

• A financial statement

• A marketing campaign

What does ROI stand for in finance?

• Return on Investment

• Risk of Inflation

• Rate of Interest

• Revenue on Income

Which of the following is a source of finance for a startup business?

• Personal savings

• Government grants

• Bank loans

• All of the above

What is the break-even point in a business?

• The point where revenue equals costs

• The point where a business makes maximum profit

• The point where a business shuts down

• The point where a business starts losing money

What is the role of a budget in a business?

• To track income and expenses

• To hire new employees

• To increase sales

• To reduce competition

Which of the following is an example of a liability in accounting?

• Cash in the bank

• Inventory

• A bank loan

• Office equipment