Which of the following is a way that entrepreneurship helps our society:
Entrepreneurship 1.02 LAP PD 066

Quiz
•
Professional Development
•
9th - 12th Grade
•
Medium
Megan Marley
Used 54+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Creates new jobs
Reduces taxes
Eliminates financial concerns
Decreases economic growth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One difference between entrepreneurs and small-business owners is that:
entrepreneurs usually purchase existing businesses or franchise rights.
small-business owners generally are not interested in expanding their businesses.
entrepreneurs rarely manage the day-to-day aspects of their businesses.
small-business owners usually employ between 500 and 1,000 workers.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While managers help to make entrepreneurs’ visions a reality, they aren’t required to:
set business objectives.
assume the risk involved.
formulate company policy.
implement procedures.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most likely reason an individual might turn a woodworking hobby into a business is because of:
higher taxes.
guaranteed financial security.
personal satisfaction.
sales quotas.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the Blank: Michelle’s primary reason for starting her own business is her desire to make her own schedule. Michelle is looking forward to the __________ she hopes to have as a business owner.
advanced technology
tax breaks and deductions
personal commitment
flexibility and independence
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of:
advertising
money
employees
commitment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the early stages of a start-up business, entrepreneurs assume sole responsibility for:
all aspects of their businesses.
global economic growth rates.
the demand of their products.
the daily activities of competitors.
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