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Entrepreneurship and Event Planning Pre Test

Total questions: 70

Worksheet time: 40mins

Name
Class
Date
1.
Oral communication skills are important for any career, whether you use it in informal conversations or business presentations.
a)
True
b)
False
2.
Requires, a sender, receiver, and a message
a)
Attitude
b)
Communication
c)
Conflict
d)
Sympathy
3.
Using gestures to communicate
a)
Non-verbal
b)
Verbal
c)
"You" Message
d)
"I" Message
4.
All are examples of  communicating non-verbally expect...
a)
Gestures
b)
Voice
c)
Posture
d)
Touch
5.
The 2 Types of communication are:
a)
Verbal and Gestures
b)
Verbal and Eye Contact
c)
Non-Verbal and Eye Contact
d)
Verbal and non-verbal
6.
Written messages used by employees within an organization to communicate with one another.
a)
E-mail
b)
Letter
c)
Memo
d)
Agenda
7.
Walmart Supercenter
Attn:  Deli Department Manager
120 Dream Lane
Dallas, TX 87310
This is an example of:
a)
Body
b)
Inside Address ( Letter Address)
c)
Return Address (Writer's Address)
d)
Salutation
8.
Yours truly
is an example of:
a)
Salutation
b)
Complimentary Closing
c)
Body
d)
Writer
9.
Dear Ms. Weaver is an example of:
a)
Complimentary closing
b)
Attachment
c)
Salutation
d)
Inside Address
10.
What is the most common method of communication for many businesses?
a)
Facetime
b)
Email
c)
Instant messge
d)
All of these
11.
specific group for which a business's products, services and marketing efforts are intended
a)
Mass Marketing
b)
Goals
c)
Target Market
d)
Secondary Research
12.
Which of the following is NOT true about an entrepreneur?
a)
a. An entrepreneur has ownership in the business
b)
b. An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him
c)
c. An entrepreneur gets to act as his own boss.
d)
d. An entrepreneur is responsible for the success of their business
13.
Which of the following is an advantage of starting your own business?
a)
a. During the startup phase, you do not have to think about funding
b)
b. You have control over where and when you work
c)
c. As long as you make a business plan, you will know what obstacles to expect
d)
d. You are in charge of the decision making so there is little to no risk
14.
What is the main difference between a personal characteristic and a skill?
a)
a. Many people are born with business skills, but not characteristics
b)
b. Characteristics become skills over time
c)
c. You can learn a characteristic, but not skills
d)
d. Skills can be learned while characteristics are inherent qualities
15.
What role do entrepreneurs play in economics?
a)
a. Entrepreneurs tell consumers what they should want or need
b)
b. Entrepreneurs create the businesses that produce products that meet the wants and needs of consumers
c)
c. Entrepreneurs borrow money from the economy to start their businesses
d)
d. None of the above
16.
Which of the following ensures a good idea for a business is an actual business opportunity?
a)
a. The idea solves a unique need or want in the market that a group of customers is willing to buy.
b)
b. The idea is something that no one has ever thought of before
c)
c. The entrepreneur is really passionate about the idea
d)
d. The entrepreneur will have to spend a lot of money and time to implement the idea
17.
Which of the following should you NOT do when collecting and evaluating data on your market?
a)
a. Find data on what your target market segment thinks and shift your business to meet their needs or wants
b)
b. Only look for data that supports your initial idea
c)
c. Gather data on what your competitors are doing and create a competitive advantage to stay relevant in the market
d)
d. Collect data from a variety of sources and perspectives
18.
Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step?
a)
a. Create a business pitch
b)
b. Get a mentor
c)
c. Estimate the target market
d)
d. Immediately put down a deposit for a storefront property
19.
The majority of businesses are this type of this business ownership but generate the least amount of sales.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
20.
This type of business is subject to many more laws and are more difficult to form.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
21.
The process of an individual or a group of individuals using organized efforts to pursue opportunities to meet needs and wants through innovation is
a)
Entrepreneurship
b)
Producing
c)
Marketing
d)
Manufacturing
22.
A business owned by one person is
a)
 a cooperative
b)
 a corporation
c)
a partnership
d)
a sole proprietorship
23.

The willingness and ability to buy a good is known as

a)

Supply

b)

Demand

c)

Compliment

d)

Price

24.

What is the biggest factor that affects demand?

a)

Quantity

b)

Price

c)

Supply

d)

Substitute

25.

A chart that shows how much one person would pay for a certain product at a certain price is known as �

a)

Demand Curve

b)

Equilibrium Chart

c)

Income Curve

d)

Demand Schedule

26.
When your supply exceeds your demand you will have a...
a)
Shortage
b)
Surplus
c)
Scarcity
d)
Incentive
27.
Ford is charging 15% more on the new 2018 Ford F150 because people have been buying them so fast. They are overcharging because they are experiencing a...
a)
Surplus
b)
Scarcity
c)
Incentive
d)
Shortage
28.
Another word for limited resources is...
a)
Wants
b)
Scarcity
c)
Needs
d)
Surplus
29.

Demand is how many people want the goods that are available. If _____ people want the goods available, there is _____.

a)

many, high demand

b)

aren't many, high demand

c)

aren't many, low demand

d)

many, low demand

30.
Markets are the means by which buyers & sellers carry out exchange.
a)
True
b)
False
31.
Why do we communicate?
a)
Solve Problems
b)
Establish Relationships
c)
Understand other people
d)
All of the above
32.
What is the first thing you should do when handed a set of instructions?
a)
read them completely
b)
start with number one on the list
c)
skim the directions quickly
d)
just look at the pictures
33.
Becoming an Entrepreneur starts with having ...
a)
Money
b)
An idea
c)
Determination
d)
All of the above
34.
You must buy more than one share of stock to be considered an owner of a corporation
a)
True
b)
False
35.
A natural ability to do a particular type of work or activity well is called
a)
a skill
b)
an attitude
c)
an aptitude
d)
self-esteem
36.
As an entrepreneur, the amount of money you received from your company
a)
is constant, like a paycheck for any other employee
b)
is typically less than for an employee
c)
is typically more than for an employee
d)
may go up or down, depending on the business
37.

Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of

a)

advertising.

b)

money

c)

employees.

d)

commitment

38.

What is a disadvantage of entrepreneurship?

a)

Personal satisfaction

b)

Uncertain income

c)

Lower taxes

d)

Flexible schedule

39.
Analyzing the strengths and weaknesses of your competition is a waste of resources.
a)
True
b)
False
40.
A ______________ is a quick description of your business that you use to explain it to potential investors.
a)
business plan
b)
sales forecast
c)
business pitch
d)
business analysis
41.

Which of the following would be an example of a manufactured good?

a)

TV

b)

Glasses

c)

Sports Car

d)

All of the above

42.
Which of the following is an advantage of the corporation as a form of business ownership:
a)
Less complex requirements
b)
Separate owners and managers
c)
Limited liability
d)
High Taxes
43.
What is an example of an oligopoly?
a)
soft drink industry
b)
cellphone industry
c)
cookie industry
d)
milk industry
44.
Essential rule in economics that states when the price of a product goes up, demand goes  down and when the price goes down, demand goes up.
a)
Demand Curve
b)
Consumer Effect
c)
Possibility Curve
d)
Law of Demand
45.

Identify the 2 corporate events

a)

Local cricket match

b)

World travel market

c)

Pub quiz

d)

Company business meeting

46.

What is a contingency plan?

a)

Something you always follow

b)

A plan that is put in place in case of disruptions at an event

c)

A way to avoid being responsible

47.

What action could you take to minimise the effects of bad weather at your event?

a)

Don't hold the event

b)

Tell people to bring an umbrella

c)

Nothing, you can't stop it raining

d)

Identify a suitable inside location in case

48.

Why are security measures important when planning an event?

a)

To ensure the event is not disrupted and make sure that there is no danger

b)

To provide a long queue

c)

It means you can recruit more people

d)

They aren't important, only for big events

49.

Provide 2 examples of a security measure

a)

Talking to guests

b)

Searching bags

c)

Checking tickets

d)

refusing to let people in

50.

Why is it important to follow health and safety (2 answers)

a)

Because you have to

b)

To ensure the safety of the venue, equipment and people

c)

It looks good if you do

d)

To meet laws and legislation

51.

Which 2 are considered leisure events?

a)

Council meeting

b)

Football competition

c)

School prom

d)

Beach party

52.

What 3 things might be considered in a risk assessment

a)

The location and venue

b)

Who's working

c)

Possible hazards

d)

Level of risk and how complex the activity is

53.

What is an evaluation

a)

A document that takes ages

b)

a document that looks at worked worked well and what didn't

c)

When you give feedback to your manager

54.

How can you collect data on whether the event was a success? (2 answers)

a)

How much money the event made

b)

How many people attended

c)

looking at the weather forecast

d)

did people get offered free things?

55.

Why would the audience benefit from evaluations of events?

a)

They wouldn't

b)

It would provide them with some nice reading

c)

It would tell them their contribution

d)

It could help improve the event for next time

56.

Identify 2 sporting events from the list

a)

A wedding fair

b)

Volleyball match

c)

Sports conference

d)

Olympics

57.

The people who will come to an event, such as children and families.

a)

resources

b)

audience

c)

target

58.

The place where the event will be done.

a)

Target

b)

Resources

c)

Venue

59.

Leisure, exhibitions and work-related are types of...?

a)

management

b)

events

c)

planning

60.

Promotion means...

a)

how you will tell people about the event

b)

how you will choose the presenter

61.

You can do promotion by ...

a)

sending a message to guests on Snapchat

b)

creating an event plan

62.

Speakers, microphones, and the workers you need for an event are called ...

a)

resources

b)

target

c)

types of events

63.

The total cost of an event and also the cost of tickets to an event is called...

a)

target

b)

audience

c)

finance

64.

REASONS conducting an event,

a)

educate people

b)

media coverage

c)

celebration

d)

raise funds

65.

The common pitfalls in planning, EXCEPT

a)

over planning

b)

view plan as one off exercise

c)

obsessed with details

d)

view plan as an active documents

66.

Feasibility analysis is a method to access the potential success of an event

a)

YES

b)

NO

67.

This structures can be seen in operation of large-scale and multi-venues event such as in Olympic Games.

Identify the organizational structure based on above statement:

a)

Multi-organizational structure

b)

Program-based matrix

c)

Functional

68.

Expressed in a way that is quantifiable.

This statement refer to which SMART objective?

a)

Specific

b)

Measurable

c)

Agreeable

d)

Realistic

e)

Time specific

69.

What are the long-terms impact of LEGACY

a)

social and cultural

b)

political

c)

environmental

d)

tourism and economic

70.

Reduce the scale but add value to existing component in an event is referring to which strategy?

a)

Combination strategy

b)

Retrenchment strategy

c)

Growth strategy

d)

Consolidation strategy

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