
ESB Summative 1
Authored by Kristy Slifkin
Business
9th Grade

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Entrepreneurship?
Entrepreneurship is starting a business with the goal of making a profit.
Entrepreneurship is working for a large corporation as an employee.
Entrepreneurship is investing in stocks and bonds only.
Entrepreneurship is managing someone else's business without any risk.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a Small Business?
.A Small Business is a business with sales greater than $100 million and more than 5000 employees.
A Small Business is a business with sales less than or equal to $35.5 million and less than or equal to 1500 employees
A Small Business is a business with sales less than $1 million and fewer than 10 employees.
A Small Business is a business with sales between $50 million and $100 million and between 1000 and 3000 employees.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does B2B stand for?
Business to Buyer
Back to Basics
Business to Business (wholesale)
Buy to Buy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does B2C stand for?
Business to Consumer (retail, online)
Business to Company
Business to Client
Business to Contractor
5.
MATCH QUESTION
30 sec • 1 pt
Match the business structure to its correct description:
International, taxed twice
Partnership
Shared financial backing
Sole Proprietorship
Small, taxed once, up to 100 shareholders
S-Corp
Low risk, personal tax rate
LLC
Easy to start, unlimited liability
C-Corp
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure is described as 'Small, taxed once, up to 100 shareholders'?
A. Franchise
B. C-Corp
C. LLC
D. S-Corp
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure is described as 'International, taxed twice'?
S-Corp
C-Corp
LLC
Non-Profit
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