Small Business, Entre., Legal Structure Compensation Review

Small Business, Entre., Legal Structure Compensation Review

9th - 12th Grade

52 Qs

quiz-placeholder

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Small Business, Entre., Legal Structure Compensation Review

Small Business, Entre., Legal Structure Compensation Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Brian Landau

Used 20+ times

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52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a franchise?

Bought a license from a bigger company, have to follow specific guidelines

Content with where they are, key objective is to generate profit

Small Business

C-Corporation

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a small business?

Interested in exploring new opportunities, take risks, and grow profit

Amazon

A business with multiple stores

Content with where they are, key objective is to generate profit

3.

MULTIPLE SELECT QUESTION

45 sec • 2 pts

An Entrepreneur is / does: (Multiple Answers)

Interested in things staying the same and not interested in innovative ideas

Content with where they are, key objective is to generate profit

Takes on the all the risk at the beginning o the business process

Use his . her own capital to start the business.

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which is not a service?

Manicure

Dog walking

T-shirt

Boat Detailing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Having someone shop for your groceries for a fee at the grocery store is:

Service based

Product based

Both

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Taking a Crossfit class is:

Service Based

Product Based

Both

7.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

When you buy into a franchise, do you receive ongoing support and help from the franchise owner/larger company & brand?

Yes

No

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