
Entrepreneurship I – Pre/Post Test
Authored by Derwin Wilson
Business
9th - 12th Grade
Used 2+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What is the definition of entrepreneurship?
Working for a large corporation
Starting and managing a business to make a profit
Investing in the stock market
Managing personal finances
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following is a characteristic of an entrepreneur?
Risk-taking
Avoiding decision-making
Preferring job security
Following directions only
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What is a business plan?
A company logo
A document outlining goals, strategies, and financial projections
A tax return form
An advertisement
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following is an example of a fixed expense?
Rent
Marketing ads
Utilities
Employee bonuses
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following best describes opportunity cost?
The value of the option you gave up when making a choice
The total revenue from sales
The expenses of running a business
The interest rate charged by a bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which type of business ownership gives the owner complete control but also unlimited liability?
Partnership
Corporation
Sole proprietorship
Franchise
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
What does the term target market refer to?
All people everywhere
The specific group of consumers a business aims to serve
Business competitors
Investors and banks
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