Establishing a business

Establishing a business

9th - 10th Grade

39 Qs

quiz-placeholder

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Establishing a business

Establishing a business

Assessment

Quiz

Business, Other

9th - 10th Grade

Practice Problem

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Created by

Nicole Martinez

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39 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are advantages of opening a new business?

The owner has full control over business decisions like location, branding and signage, employees

There is little if any historical data regarding finances

The market for the business is already established

The owner can enter a new niche market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors to consider when choosing the right bank account DOES NOT include:

Interest rates

Bank fees

Overdraft

Convenience and support

Tradition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of utilizing resources to create goods and services by assuming risk to satisfy consumers' needs is known as:

Entrepreneur

Business

Entrepreneurship

Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who identifies business opportunities and utilizes creativity while assuming risks to provide goods and services to prospective customers is a/an:

Producer

Consumer

Supplier

Entrepreneur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that is used to start your business is called:

Financing

Capital

Funds

revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are traits of a typical entrepreneur EXCEPT:

Optimistic

Innovative

Risk averse

Resilient

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are likely to form part of a business plan for a new computer retail business EXCEPT:

Executive Summary

Marketing Plan

Production Plan

Financial Plan

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