Small Business Vocabulary - Mar 4, 2022

Small Business Vocabulary - Mar 4, 2022

7th Grade

14 Qs

quiz-placeholder

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Small Business Vocabulary - Mar 4, 2022

Small Business Vocabulary - Mar 4, 2022

Assessment

Quiz

Professional Development

7th Grade

Medium

Created by

Mr. Fielder

Used 22+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A prototype is:

when 2 or more people own a company

the first representation of a business owner's product

one person that owns a company

a picture from a camera phone

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When one person owns a company, that person is called a ______

partnership

franchise

corporation

sole-proprietor

3.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Which of the following are examples of a service? (Select all that apply)

Hair Salon/Barber shop

A shoe store

Truck Driver

A clothing store

grocery store

Answer explanation

A truck driver and hair salons provide a service. Truck drivers move goods from one location to another location; hair salons provide services to men/women by way of washing and/or styling clients' hair.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Target Market is how you will fund your new company.

True

False

5.

FILL IN THE BLANK QUESTION

3 mins • 1 pt

brick-and-mortar means what?

Answer explanation

Brick-and-mortar is an actual store location...Wal-Mart, Target for example.

6.

OPEN ENDED QUESTION

5 mins • 1 pt

List 3 possible ways you may get money for your new business

Evaluate responses using AI:

OFF

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select examples of advertising or marketing?

social media

radio ads

word-of-mouth

passing out flyers

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