Turning Ideas Into a Business Quiz

Turning Ideas Into a Business Quiz

8th Grade

15 Qs

quiz-placeholder

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Turning Ideas Into a Business Quiz

Turning Ideas Into a Business Quiz

Assessment

Quiz

Business

8th Grade

Easy

Created by

Julie Talbert

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the first step to turning an idea into a business?

Gain knowledge in your field

Identify problem and solve it

Ensure financial stability

Have passion and apply it to your business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a SWOT analysis in business?

To make an action plan

To ensure financial stability

To set goals in writing

To identify strengths, weaknesses, opportunities, and threats related to business competition or project planning

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key part of knowing your needs for your business startup?

Setting goals in writing

Participating in classes and research

Passion and drive

Financial plan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason why businesses fail in their first five years?

Inadequate financial stability

Lack of passion

Lack of knowledge in the field

Poor planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do to ensure you are always learning in your field?

Ignore your problems and wish they will go away

Make an action plan

Ensure financial stability

Take classes, research, read, explore, and learn from others

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of setting goals in writing?

To gain knowledge in your field

To ensure financial stability

To identify strengths, weaknesses, opportunities, and threats

To make the goal real and tangible

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning?

Ensure financial stability

SWOT analysis

Make an action plan

Set goals in writing

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