
Unit 2 Test Review
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Antwanesha Green
FREE Resource
Enhance your content in a minute
28 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A legal document in which a person or group agrees to keep certain information confidential is:
A non-disclosure agreement
A franchise agreement
A partnership agreement
A royalty agreement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a con for buying a franchise instead of starting a new business?
Proven system
Customer awareness
Easier Financing
Less entrepreneurial freedom
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every business idea is a good business opportunity
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Entrepreneurs should not look at their own hobbies or interests for opportunities
True
False
5.
MATCH QUESTION
30 sec • 1 pt
Match the key terms with its definition:
How possible or worthwhile it is to pursue an idea, to see if it is actually an opportunity
Opportunity Cost
Process of adding up all the expected benefits of an opportunity and subtracting all of the expected costs
Calculated Risk
Risk in which potential costs and benefits are carefully considered before starting a business
Feasibility
Business evaluation method that draws its name from the four areas it evaluates: Strengths, Weaknesses, Opportunities, and Threats
Cost/Benefit Analysis
Value of what you will give up to get something
SWOT Analysis
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Thinking critically about a business ideas means to be negative.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organized way to gather and analyze information needed to make business decisions is called
Focus group
Market research
UE testing
Census
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