Business Concepts and Design Thinking

Business Concepts and Design Thinking

12th Grade

80 Qs

quiz-placeholder

Similar activities

Business Ownership and Characteristics

Business Ownership and Characteristics

9th - 12th Grade

80 Qs

BM 3.01-3.04

BM 3.01-3.04

9th - 12th Grade

76 Qs

Prelim Examination in Business finance (Part 1)

Prelim Examination in Business finance (Part 1)

12th Grade

77 Qs

ENTREPRENEURSHIP Ms. R Stewart

ENTREPRENEURSHIP Ms. R Stewart

9th - 12th Grade

82 Qs

Management Final Exam 2024

Management Final Exam 2024

9th - 12th Grade

75 Qs

Work-Place Essentials

Work-Place Essentials

9th - 12th Grade

75 Qs

Economics Exam 2 Vocab

Economics Exam 2 Vocab

10th - 12th Grade

80 Qs

CSS Comprehensive Practice Exam

CSS Comprehensive Practice Exam

9th - 12th Grade

75 Qs

Business Concepts and Design Thinking

Business Concepts and Design Thinking

Assessment

Quiz

Business

12th Grade

Hard

Created by

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

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?