Intro to Business - Chapter 5

Intro to Business - Chapter 5

9th - 12th Grade

23 Qs

quiz-placeholder

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Intro to Business - Chapter 5

Intro to Business - Chapter 5

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Michael Quickel

Used 9+ times

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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A carefully constructed guide for the person starting a business is a(n)

marketing plan
organizational plan
articles of. business
business plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The people in small business belong to a group called

advisors
entrepreneurs
managers
cultivators

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The various types of businesses attracting small business are generally grouped into service industries, distribution industries, and financial industries.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are advantages that small businesses have except

greater potential for making profit
simplified record keeping
independence
the ability to adapt to change
personal relationships with customers

5.

MULTIPLE SELECT QUESTION

30 sec • 3 pts

The reasons that some entrepreneurs and small businesses fail include: (check all that apply)

lack of financial capital
people are opening new businesses every day, in every part of the country
strong management skills
over-expansion & fast growth
money, personnel, and inventory mismanagement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are reasons people go into business except the...

desire for independence
willingness to accept a challenge
desire to determine one's own destiny
guaranteed return on investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the key things that the SBA (Small Business Administration) is charged with is providing help to minority-owned small businesses.

True
False

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