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Starting a Small Business (Entrepreneurship)

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is NOT one of the considerations to determine if you “have what it takes” to start a business?

a)

Finances

b)

Support

c)

Experience

d)

Family life

2.

When conducting a market analysis, you should forecast the next __________.

a)

One to three years

b)

Three to five years

c)

Five to eight years

d)

Eight to ten years

3.

What is the term for specific, time-sensitive accomplishments used to measure the short-term progress of an organization?

a)

Goals

b)

Missions

c)

Plans

d)

Objectives

4.

Which of the following business structures work great for small businesses?

a)

Bureaucratic

b)

Hierarchical

c)

Learning based

d)

Divisional

5.

Management profiles do NOT include which of the following?

a)

A list of community relations

b)

A description of managers functions in an organization

c)

A list of industry relations

d)

A description of family

6.

With what office do owner(s) register the businesses name?

a)

Office of Comptroller

b)

Secretary of State

c)

Small Business Administration

d)

Courthouse

7.

Site locators __________ the ability to promote the business and be successful.

a)

Increase

b)

Decrease

8.

Which of the following is NOT suggested to prevent groupthink?

a)

Use an experienced facilitator

b)

Conduct multiple focus group sessions

c)

Avoid members with dominant personalities

d)

Assign one member to be devil’s advocate

9.

The statement: “to increase our brand recognition” is an example of which of the following?

a)

Mission statement

b)

Goal

c)

Objective

d)

Tactic

10.

Which of the following structures adopt the chain-of-command methodology?

a)

Bureaucratic

b)

Hierarchical

c)

Learning based

d)

Divisional