10.2 - How to Start a Business

10.2 - How to Start a Business

9th - 12th Grade

7 Qs

quiz-placeholder

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10.2 - How to Start a Business

10.2 - How to Start a Business

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Mr. Gonzales

Used 4+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

After coming up with a strong idea, all of the following are steps you can take to get your business started EXCEPT…

Talk it out with trusted allies

Research the market

Market your business on social media

Draft a business plan

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If a friend asked you what they should have in their business plan, what important element would you advise them to include?

An updated resume

An updated resume

Their marketing strategy

Their credit score

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a prototype?

A prototype is an original model on which something is based or formed.

A prototype is a person with the ability to influence potential buyers of a product.

A prototype is a newly established business.

A prototype is the exclusive legal right to use a specific product or material.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is most important in a business plan?

Financial Plan

Executive Summary

Market & Sales Strategy

Business Details

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the purpose of a business plan?

States the purpose and vision of your company

To document your financial activity during one year

Legal document to be filed with the SEC

To market your new company

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Business plans are needed for all reasons except....

To raise capital

Gives an objective look at what you are doing and why

Gets everyone involved to focus on the same goals

It is required by law

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What information should NOT be included in a business plan?

Your financing needs

Your marketing plan

Your basic business concept

Your assets and liabilities