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WorksheetsEntreprenurship Final Quiz
Total questions: 10
Worksheet time: 3mins
Name
Class
Date
1.
Owners of stock in a company
a)
partnership
b)
sole proprietorship
c)
stockholders
d)
corporation
2.
Starting and owning a person's own business
a)
corporation
b)
entrepreneurship
c)
sole proprietorship
d)
partnership
3.
The right to sell a company's products in a specified area.
a)
sole proprietorship
b)
corporation
c)
franchise
d)
retail business
4.
A business that sells products like food, clothing, and cars.
a)
retail business
b)
service business
c)
franchise
d)
corporation
5.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
6.
Property owned by an individual
a)
Liability
b)
Asset
c)
Property
d)
Net Worth
7.
The value of all assets minus the value of all liabilities.
a)
Financial obligations
b)
Assets
c)
Net Worth
d)
Property
8.
Debts and financial obligations (responsibilities).
a)
Liabilities
b)
Assets
c)
Negative Net Worth
d)
Property
9.
Some examples of liabilities are:
a)
Loans, credit cards, and real property
b)
Loans, mortgage, and credit cards
c)
Loans, Art collection, and savings account
d)
Mortgage, credit card, and real property
10.
Net Worth is equal to:
a)
Liabilities added to assets
b)
Assets minus liabilities
c)
Assets added to liabilities
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