ESB Summative 1

ESB Summative 1

9th Grade

50 Qs

quiz-placeholder

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ESB Summative 1

ESB Summative 1

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Kristy Slifkin

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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:

Easy to start, unlimited liability

LLC

International, taxed twice

Partnership

Shared financial backing

S-Corp

Low risk, personal tax rate

C-Corp

Small, taxed once, up to 100 shareholders

Sole Proprietorship

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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