Entrepreneurship Final Exam - Fall 2024
Authored by David Jimenez
Business
9th - 12th Grade
Used 8+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the definition of entrepreneurship?
The study of the stock market
The process of starting and running a business
Working for a large corporation
Managing personal finances
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is a characteristic of a successful entrepreneur?
Avoiding risks at all costs
Resisting change
Persistence and resilience
Ignoring market trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which term refers to the process of gathering information about potential customers and competitors to improve business decision-making?
Marketing
Networking
Market Research
Sales
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Entrepreneurs are risk-averse and avoid taking chances in their business ventures.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the definition of liability? (in the context of business ownership)
A type of state tax
A department of business
A marketing tactic
The state of being resbonsible for something
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
This type of business is owned by one person.
Sole Proprietorship
Walmart
Franchise
Partnership
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
This type of business is owned by many people called stockholders.
Partnership
Franchise
Sole Proprietorship
Corporation
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