
Entrepreneurship and Small Business Test
Authored by Gabriel Leopold
others
9th - 12th Grade
Used 6+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
_____________________ is a business started by someone who notices a need for a product or service.
entrepreneurship
small business
2.
MULTIPLE SELECT QUESTION
30 sec • 6 pts
Which of these is a disadvantage of entrepreneurship? (check all that apply)
giving up the security of a regular paycheck
work schedule is never predictable
all the decisions of the business must be made by you
3.
MULTIPLE SELECT QUESTION
30 sec • 6 pts
Which of these is an advantage of entrepreneurship? (check all that apply)
you are your own boss
you can work whenever you want, wherever you want and however you want
there is a lot of adventure
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A _______ ______________is an independently owned business that usually has the owner as its manager.
entrepreneurship
small business
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What category defines most businesses in the US?
small businesses
corporations
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of these is NOT a characteristic of a small business?
serves a limited geographic area
Is dominant in its industry
employs fewer than 500 people
7.
MULTIPLE SELECT QUESTION
30 sec • 6 pts
Which of these are an advantage of owning a small business? (check all that apply)
you are your own boss
you can quickly respond to your customers’ needs
They are easy to form
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