WorksheetsEntrepreneurship and Small Business
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
_______ financing is the money needed to pay for the current operating activities of a business.
a)
Long-Term
b)
Owner
c)
Short-Term
d)
Start-up
2.
Many small businesses have an advantage over larger businesses because they are better able to _____
a)
Provide unique services to customers
b)
Market their products
c)
Raise large amounts of financial capital
d)
Mass produce products
3.
Roughly what percentage of new jobs are created by businesses with fewer than 500 employees?
a)
80 Percent
b)
60 Percent
c)
20 Percent
d)
40 Percent
4.
There is little evidence that developing a business plan has any impact on whether a new business fails or succeeds.
a)
True
b)
False
5.
Which of the following is not a common reason for the failure of small businesses?
a)
A lack of sufficient start-up money
b)
Lack of management experience
c)
Shortage of skilled workers
d)
failure to manage credit offered to customers
6.
You will likely pay more for a product or service from a small company than from a large one.
a)
True
b)
False
7.
A _____ business should locate in an area with access to raw materials and transportation systems
a)
Retail
b)
Service
c)
Manufacturing
d)
Wholesale
8.
A(n) ____ is an invention or creation that is brand new.
a)
Development
b)
Innovation
c)
Imporvement
d)
Advancement
9.
According to the Small Business Administration, a small business is one with 100 or fewer workers.
a)
True
b)
False
10.
________ is money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
a)
Marginal Capital
b)
Working Capital
c)
Lending Capital
d)
Venture Capital
11.
Each of the following is a main section of a business plan except _______.
a)
Customer Analysis
b)
Employee Responsibilities
c)
Marketing Plan
d)
Description of the Business
12.
Before a business owner completes the business plan, he or she should ask business experts to review the plan.
a)
True
b)
False
100 %
