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WorksheetsSmall Business 101
Total questions: 10
Worksheet time: 6mins
Name
Class
Date
1.
Who can own a small business?
a)
Only a college graduate
b)
Anyone
c)
Only someone with a lot of money
d)
Only smart people
2.
What goods and/or services do small businesses provide?
a)
Personal services
b)
Professional services
c)
Ready to eat food
d)
All of these and more
3.
Why are small businesses important?
a)
About 10% of people work for small businesses
b)
There are about 100,000 small businesses in the US
c)
a. Nearly half of all jobs in America are working for small businesses
d)
There are 10,000 new jobs created by small businesses every year
4.
How many people would be out of jobs if every small business closed tomorrow?
a)
56,800
b)
568,000
c)
5,680,000
d)
56,800,000
5.
How many small businesses are there in the US?
a)
About 29,000
b)
About 290,000
c)
About 2,900,000
d)
About 29,000,000
6.
In 2015, how much revenue was generated by small business in just New York State?
a)
About $100,000
b)
About $1,000,000
c)
About $1,000,000,000
d)
About $1,000,000,000,000
7.
What are some of the challenges small businesses face (barriers to entry) in starting?
a)
Startup Funding
b)
Government Regulations
c)
Fear of Failure
d)
All of These
8.
How can an individual help small businesses?
a)
Shop Small Business Satuday
b)
Advocate with small businesses in the community and with elected officials
c)
Patronize small businesses whenever possible
d)
All of these would help
9.
Why do people start small businesses?
a)
They have an original product or idea
b)
They see a need and decide to fill it
c)
They can't find a job so they create one
d)
Any of these reasons and many more
10.
What does it take to start a small business
a)
A lot of money
b)
A lot of time
c)
A passion for something
d)
A lawyer
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