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Unit 8 - Make Up

Authored by James Cherry

Social Studies

11th Grade

Used 5+ times

Unit 8 - Make Up
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of an entrepreneur in business creation?

Following established business models

Managing existing corporations

Creating innovative business solutions and opportunities

Working as an employee for others

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor best describes how entrepreneurs primarily earn income?

Through fixed monthly salaries

Through business profits and ownership returns

Through government grants only

Through employee benefits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When comparing self-employment to traditional employment, which statement is most accurate?

Self-employed individuals always earn more than employees

Employees have more tax obligations than self-employed individuals

Self-employed individuals must handle their own benefits and tax obligations

Traditional employment offers more flexibility than self-employment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which federal agency provides support for small business creation?

Internal Revenue Service (IRS)

Small Business Administration (SBA)

Department of Education

Federal Trade Commission

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a sole proprietorship?

Limited liability protection

Shared ownership between multiple parties

Complete personal liability for business debts

Separation between personal and business assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business structure typically requires the most complex regulatory compliance?

Sole proprietorship

Partnership

Corporation

Independent contractor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary advantage of purchasing a franchise?

Complete business autonomy

Lower initial investment costs

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