
Entrepreneurship Vocabulary Quiz
Authored by Shelley Snow
Business
9th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common component of a business plan?
Marketing strategy
Employee vacation schedule
Office paint color
Personal hobbies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a business owned and operated by one individual?
Corporation
Sole proprietorship
Partnership
Franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which trait is most commonly associated with an entrepreneurial mindset?
Risk-taking
Laziness
Indecisiveness
Pessimism
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which section of a business plan describes the products or services offered?
Executive summary
Product/service description
Financial projections
Appendix
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A partnership is best described as:
A business owned by shareholders
A business owned by two or more people
A business owned by the government
A business with no legal owner
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an entrepreneur wants to estimate how much money their business will make in the next year, which business plan component should they focus on?
Financial projections
Market analysis
Company description
Organizational structure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business ownership provides the least personal liability protection for the owner?
Corporation
Sole proprietorship
Limited liability company (LLC)
Cooperative
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