Worksheetsobj 1.01
Total questions: 10
Worksheet time: 3mins
Name
Class
Date
1.
which statement is most likely to have negative effect on domestic small-business growth?
a)
involuntary tax reductions
b)
restrictive loan policies
c)
low interest rates
d)
slow inflation
2.
which positive effect do small businesses have on the local community?
a)
reduction of competition
b)
pay in of taxes
c)
limitation on job growth
d)
charging of interest
3.
which statement is true about entrepreneurship and small business growth?
a)
trade regulation have very little effect on small business growth
b)
many people start entrepreneurial ventures during times of economic recession
c)
small business startups are taxed at higher rate than multinational companies
d)
consumer spending is primary factor that influences entrepreneurial success
4.
which statement is true regarding training for entrepreneurial ventures?
a)
once entrepreneurs are educated or trained in their business field, they rarely need further education.
b)
most successful entrepreneurs have degrees from four year colleges or universities
c)
the type of training and education that entrepreneurs need depends on nature of startup business.
5.
local governments strongly promote and support small businesses mainly due to which factor?
a)
Businesses serve only the local communities
b)
businesses are owned by one person
c)
businesses may become big businesses
d)
businesses are important to the economy
6.
what is a disadvantage of entrepreneurship?
a)
fewer resources
b)
personal satisfaction
c)
lower taxes
d)
uncertain income
7.
which source of start-up information would be recommended to an entrepreneur looking for information about the average start-up and operation costs for a self serve laundromat
a)
service corps of retired executives
b)
coin laundry trade association
c)
local chambers of commerce
d)
small business adminstration
8.
Alaina needs advice and assisatnce in starting her new business, so she contacted the service corps of retired executives (SCORE). Jack,a SCORE volunteer agreed to act as her guide in the business start-up process. jack is serving as which role?
a)
intermediary
b)
apprentice
c)
entrepreneur
d)
mentor
9.
which is considered a reliable information source for business start-up?
a)
Wikipedia (www.Wikipedia/wiki/entrepreneurship)
b)
The project Management Institute (www.pmi.org)
c)
The Small Business Adminstration (www.sba.gov)
d)
The National Retail Federation (www.nrf.com)
10.
when writing a letter of inquiry, when should the purpose of the letter be revealed?
a)
At the beginning of the letter
b)
At the end of the letter
c)
In the middle of the Letter
100 %
