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Beginning Business Quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What type of pay occurs by the hour?

a)

Salary

b)

Hourly Pay

2.

What part of your Pitch Presentation tells the amount of money you need to begin your project/business?

a)

Supportive Pay

b)

Comparative Analysis

c)

Start Up Costs

d)

Market Analysis

3.

A slogan that usually refers to shopping at local stores that are owned by people in the community,

a)

Shop Saturday

b)

Shop Small

c)

Big Box Shop

4.

When an employee works and receives payment annually (one salary, divided up, not dependent on the hours worked)

a)

Hourly Pay

b)

Salary

c)

Career Costs

d)

Buyer Protection

5.

The process which a business determines how it will promote and let people know about the business.

a)

A Business Plan

b)

Marketing Plan

c)

Market Strategy

d)

Employee Information

6.

A company or business who is selling or providing the same type of service as another business.

a)

Enployee

b)

Producer

c)

Competitor

d)

Lawyer

7.

Paying rent is an example of....

a)

A fixed cost

b)

A recurring cost

8.

If a restaurant purchases stoves and kitchen equipment, that is considered what type of cost?

a)

Fixed Cost

b)

Recurring Cost

c)

Neither

d)

Both

9.

What should be larger on your pitch deck?

a)

Visuals

b)

Paragraph of Text

10.

Businesses make these to represent the name and style of their business. They want a customer to recognize their brand by this.

a)

Competitor

b)

Logo

c)

Business Plan

d)

Cost Structure

11.

The amount of money made AFTER all expenses have been subtracted.

a)

Profit

b)

Loss

c)

Wages

d)

Competitor Analysis

12.

This happens when a business has MORE money spent on supplies than money it is making from sales.

a)

Loss

b)

Profit

c)

Surplus

13.

Chief Executive Officer

a)

CFO

b)

CEEO

c)

CEO

d)

None of the above

14.

Looking at your audience, not slouching, projecting a confident image are all important in pitching.... What are these things examples of?

a)

Visuals

b)

Zoom Calls

c)

Market Analysis

d)

Body Language

15.

How often should a business plan be revisited and worked on?

a)

Every day

b)

At least once a week

c)

Once a business starts, there is not a need to review it

d)

Once your business starts and new goals are set

16.

What are the steps in supplies getting from the maker to the business?

a)

Supply overload

b)

Supply Chain

c)

Supply and Demand

d)

Supplies and Costs

17.

What is a CFO responsible for?

a)

Daily operations

b)

Hiring and Firing

c)

Financial decisions in the company

d)

Replacing the CEO

18.

What is another word for a STAKE in a company?

a)

Erasure

b)

Piece

c)

Copy

19.

If an employee is showing up late every day or every other day, what work ethic are they missing?

a)

Honesty

b)

Time Management

c)

Skill

20.

If your business is hiring someone to create flyers, commercials and postcards, what type of person or company are they hiring?

a)

Employee Relations

b)

CEO

c)

CFO

d)

Marketing Professional