Entrepreneurship Quiz

All Entrepreneurs are successful.

• True

• False

Sole Proprietorship is a business that has many owners.

• True

• False

It is smart for partnerships to have a legal agreement.

• True

• False

Entrepreneurs are guaranteed success when it comes to starting up their own business.

• True

• False

Entrepreneurs should be business savvy, creative, and confident.

• True

• False

A business run and owned by just one person is called what?

• Corporation

• Partnership

• LLC

• Sole Proprietorship

A business owned by many people who are considered stakeholders.

• Corporation

• Partnership

• LLC

• Sole Proprietorship

Acting in ways consistent with what society and individuals typically think are good values.

• Integrity

• Liability

• Ethical Behavior

• Franchise

Being legally responsible for something.

• Liability

• Integrity

• Employee

• Franchise

A business that was created for expanding an original business, but opening in a new location.

• Franchise

• LLC

• Corporation

• Sole Proprietorship