Understanding entrepreneur's position in the economy.

Understanding entrepreneur's position in the economy.

12th Grade

50 Qs

quiz-placeholder

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Understanding entrepreneur's position in the economy.

Understanding entrepreneur's position in the economy.

Assessment

Quiz

Business

12th Grade

Easy

Created by

Porrsha Dennison

Used 50+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs try to meet the needs of the marketplace by supplying a product or service.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurs and employees are both directly affected by the consequences of the decisions they make.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are generally four types of businesses: manufacturing, wholesaling, retailing, and franchising.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurial businesses include retailing businesses, such as clothing and furniture stores, but do not include service businesses

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Manufacturing businesses produce the products they sell.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A travel agency is a retailing business.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Small businesses with fewer than 500 employees represent about 25 percent of all businesses in the United States today.

True

False

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