Business Growth and Management Concepts

Business Growth and Management Concepts

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video tutorial covers the characteristics of successful entrepreneurs, the importance of a business plan, and how business size and growth are classified. It explains internal and external growth, including mergers and integrations, and discusses why some businesses remain small. The tutorial also highlights common reasons for business failure, such as poor management and financial issues.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of a successful entrepreneur?

Risk aversion

Pessimism

Self-confidence

Dependence on others

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a business plan assist entrepreneurs?

By eliminating all risks

By providing a detailed roadmap for operations and finance

By ensuring immediate success

By guaranteeing a loan from the bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method is NOT a way to measure business size?

Number of employees

Value of output

Number of competitors

Value of sales

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a limitation of using the number of employees to measure business size?

It does not account for capital-intensive firms

It is the most accurate method

It considers only the output value

It is based on the number of shareholders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is internal growth in a business context?

Merging with another company

Expanding existing operations

Acquiring a competitor

Reducing the workforce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a horizontal merger?

Merging with a company in a different industry

Merging with a competitor in the same industry

Merging with a retailer

Merging with a supplier

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a business choose to stay small?

To increase the number of employees

To avoid personal contact with customers

To expand into new markets

Due to the nature of the industry

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