Intro to Business: Ch. 6 Test Review

Intro to Business: Ch. 6 Test Review

KG - University

37 Qs

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Intro to Business: Ch. 6 Test Review

Intro to Business: Ch. 6 Test Review

Assessment

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KG - University

Practice Problem

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Created by

Deda Rush

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37 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the United States, nearly as many small businesses close as begin each year.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All entrepreneurship opportunities emerge from inventions and innovations. 

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is easier for a small business to meet the precise needs of customers than a large business.

True
False 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many small businesses fail simply because they are not located in the right spot. 

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most important step in starting a business is preparation. 

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most popular use of business plans is to persuade lenders and investors to finance the venture.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is probably the LEAST important factor in becoming an entrepreneur? 

living in a major US city
having special skills & abilities
having a real desire to be your own boss
developing a good initial business paln

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