Entrepreneurship 1 Standard 1.01-1.04

Entrepreneurship 1 Standard 1.01-1.04

KG - 12th Grade

20 Qs

quiz-placeholder

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Entrepreneurship 1 Standard 1.01-1.04

Entrepreneurship 1 Standard 1.01-1.04

Assessment

Quiz

Business

KG - 12th Grade

Practice Problem

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Created by

Alice Christian

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Small businesses have a positive effect on the local community because they:

A. reduce competition.
B. pay taxes.
C. limit job growth.
D. charge interest.2.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons why small businesses are strongly promoted and supported by local government?

A. They serve only their local communities.
B. They are owned by one person.
C. They may become a big business.
D. They are important to the economy.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is most likely to have a negative effect on domestic small-business growth:

A. Involuntary tax reductions
B. Restrictive loan policies
C. Low interest rates
D. Slow inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true about entrepreneurship and small business growth:NCCTE.9_12.SH.ME11.1.01RBT:..

A. Trade regulations have very little effect on small-business growth
B. Many people start entrepreneurial ventures during times of economic recession.
C. Small business start-ups are taxed at a higher rate than multinational companies
D. Consumer spending is a primary factor that influences entrepreneurial success.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Even when times are tough for Caitlin's business venture, she tends to remain positive- she looks at the glassas half full rather than half empty. What characteristic of entrepreneurship is Caitlin exhibiting?

A. Organization
B. Optimism
C. Innovation
D. Determination

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Home-based businesses are attractive to many people because the businesses generally.

A. yield higher profit margins
B. provide owners a steady income.
C. have lower start-up costs.
D. require less technical training.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Successful entrepreneurs enjoy their work and often start their businesses so that they can share theirinterests and enthusiasm with others. In other words, successful entrepreneurs have __________ what they do.

A. reservations about
B. concerns about
C. apathy for
D. passion for

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