Entrep - Business Plans

Entrep - Business Plans

12th Grade

20 Qs

quiz-placeholder

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Entrep - Business Plans

Entrep - Business Plans

Assessment

Quiz

Business

12th Grade

Medium

Created by

Logan Brown

Used 25+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the advantages of buying an existing business?
Limited potential for growth
Higher risk of failure
Complete control over business operations
Established customer base

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a mission statement and vision statement?
To outline the company's financial goals
To create a marketing strategy
To define the company's core values and purpose
To attract potential investors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of tax do businesses pay on their income?
Property tax
Sales tax
Payroll tax
Income tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of developing job descriptions for positions within a business?
To define the roles and responsibilities of employees
To attract potential investors
To create a marketing strategy
To outline the company's financial goals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a business organizational structure?
Developing a marketing plan
Determining the legal structure of the business
Defining the company's mission and vision
Hiring employees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of creating a business plan?
To define the company's core values and purpose
To attract potential investors
To outline the company's financial goals
All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does entrepreneurship benefit the economy?
It has no impact on the economy
It decreases competition
It encourages innovation and creates jobs
It leads to increased unemployment

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