PBAM Unit 3 Review

PBAM Unit 3 Review

9th - 12th Grade

18 Qs

quiz-placeholder

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PBAM Unit 3 Review

PBAM Unit 3 Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Mandi Schreiner

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A majority of small businesses are involved in which industry?

Construction

Transportation

Services

Wholesaling

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As a new small business​ owner, one of the BEST governmental agencies you could contact for information and guidance would be the​ ________.

Internal Revenue Service

Securities and Exchange Commission

Small Business Administration

Treasury Department

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered a small​ business?


A local dress shop with three employees

A plant with 15 employees that is part of a global enterprise


A local general store that is not part of a chain and employs 550 people

A neighborhood grocery that is part of a national chain

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of seeking business​ opportunities, typically under conditions of​ risk, is referred to as​ _______.

divestiture

corporate governance

venture speculation

entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

IWeather is a new popular App that provides​ forecasts, snow​ alerts, and radar with unique features. IWeather is an example of a form of competitive advantage that a company achieves by being the first to enter a specific market or​ industry, which is known as​ a(n) _______ advantage.

pacesetter

fast follower

innovator

first-mover

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under​ McDonald's franchise​ agreement, the​ _______ grants the right to conduct business using the​ McDonald's business​ model; the​ _______ owns and operates the local business.


​franchiser; franchisee

grantee; grantor

licensee; licensor


​franchisee; franchiser

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

MyPillow's patented interlocking fill adjusts to your individual sleep needs regardless of sleeping position. Although pillows and other bedroom accessories represent an established​ market, entrepreneurs such as the founder of MyPillow can gain a competitive advantage if they can exploit a​ _________.

franchise agreement

Niche market

business plan

venture capitalist

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