Which of the following is a common reason for business failure?
Week 3 - Station 8: Business and Financial Literacy Quiz

Quiz
•
History
•
8th Grade
•
Hard
Thomas Panter
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Too many customers
Not having enough experience
Excessive marketing
Unique products
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a personal financial plan used for?
To spend all your money
To understand and manage your income and expenses
To avoid paying taxes
To invest in risky stocks
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can entrepreneurs lose if their business fails?
Only time
Both time and money
Only money
Nothing at all
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should entrepreneurs be careful with to avoid risking everything they have?
Their competitors
Their personal money and resources
Their marketing strategies
Their product prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the long-term goals a personal financial plan can help achieve?
Buying a small item
Saving for college or a car
Spending all income
Avoiding all expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a reason to start a budget when you get your first full-time job?
To increase spending
To keep track of where your money is going
To avoid saving
To eliminate all expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the reasons for saving money mentioned in the text?
To buy luxury items
For emergencies
To avoid budgeting
To increase debt
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