
Business Concepts and Design Thinking
Quiz
•
Business
•
12th Grade
•
Hard
Nathaniel Hudson
FREE Resource
80 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement defines entrepreneurship?
Marketing and selling products.
Setting up a business with the aim to make a profit.
Acquiring leadership and managerial skills.
Quickly advancing in positions within a corporation.
2.
MATCH QUESTION
30 sec • 1 pt
You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C.
Wholesale flooring distributor
B2B
Purchases requiring a tax exemption certificate
B2C
Chain of local grocery stores
B2C
Motorcycle repair shop
B2B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do want to be protected from business liabilities. Which legal structure should you set up for your business?
Sole Proprietorship
C-Corporation
Limited Liability Company
S-Corporation
4.
MATCH QUESTION
30 sec • 1 pt
For each role and responsibility for a business, categorize the role or responsibility as belonging to either a founder or a stakeholder.
Affected by a company’s financial picture
founder
Start companies around ideas
stakeholder
Are the main drivers for the vision of a startup
stakeholder
Affected by company activities
stakeholder
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complete each statement about business compensation structure by selecting the correct option from each drop-down list. An example of ________ compensation is paying field laborers for the amount of fruit they pick.
Piece Work
Hourly Wage
Salary
Commission
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________ employee receives a set amount of pay each month without overtime compensation for extra hours worked.
Salary
Hourly
Commission
Freelance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employees most affected by minimum wage laws are compensated ________.
Hourly
Annually
Monthly
Weekly
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