Chapter 3 Practice

Chapter 3 Practice

9th Grade

41 Qs

quiz-placeholder

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Chapter 3 Practice

Chapter 3 Practice

Assessment

Quiz

Business

9th Grade

Medium

Created by

Mazen Nasr

Used 8+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The advantage of a person becoming an entrepreneur is:
more money'll always be earned than working for an employer
there is more independence than when working for an employer 
Less risk of business failure 
no oppotunity cost involved in becoming anentepeneur

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An important characteristic of a successful entrepreneur is that:
they are always rich
they are risk takers
they are usually shy
they want to avoid hard work

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An important characteristic of a successful entrepreneur is that:
they are always rich
they are risk takers
they are usually shy
they want to avoid hard work

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan for a new business will include all of the following except
financial forecasts
market research data
details of the business owners
previous years' accounts

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What benefit does drawing up a business plan bring for a new entrepreneur?
it shows exactly how much money the firm will make
it makes sure the bank will lend all the capital needed
it means that the business start up has no risk of failure
it helps in organising the resources needed for the new firm

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not an effective way of measuring the size of a business?
number of employees
value of sales
value of capital invested
profit level

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good or service that is essential for living is called

Want

Needs

Interest

Desire

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