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ENT I Unit 1.0 Unit Quiz

Chad Collins 19 questions

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Questions in this quiz (19)

  1. 1Local governments strongly promote and support small businesses mainly due to which factor?
    1. ABusinesses serve only the local communities.
    2. BBusinesses are owned by one person.
    3. CBusinesses may become big businesses.
    4. DBusinesses are important to the economy.
  2. 2Which source of start-up information would be recommended to an entrepreneur looking for information about the average start-up and operation costs for a self-serve laundromat?
    1. AService Corps of Retired Executives
    2. BCoin Laundry Trade Association
    3. CLocal chamber of commerce
    4. DSmall business administration
  3. 3Which statement is true about entrepreneurship and small-business growth?
    1. ATrade regulations have very little effect on small-business growth.
    2. BMany people start entrepreneurial ventures during times of economic recession.
    3. CSmall business start-ups are taxed at a higher rate than multinational companies.
    4. DConsumer spending is a primary factor that influences entrepreneurial success.
  4. 4Which statement is true regarding training for entrepreneurial ventures?
    1. AOnce entrepreneurs are educated or trained in their business field, they rarely need further education.
    2. BMost successful entrepreneurs have degrees from four-year colleges or universities.
    3. CThe type of training and education that entrepreneurs need depends on the nature of the start-up business.
    4. DMost entrepreneurs must pass state-mandated exams to operate their business.
  5. 5Home-based businesses are attractive to many people because of which factor?Home-based businesses usually:
    1. Ayield higher profit margins.
    2. Bprovide owners a steady income.
    3. Chave lower start-up costs.
    4. Drequire less technical training.
  6. 6Which is a financial concern that entrepreneurs often face when starting new businesses?
    1. AIrregular paychecks
    2. BLong working hours
    3. CShorter vacations
    4. DLower production standards
  7. 7What is a disadvantage of entrepreneurship?
    1. AFewer resources
    2. BPersonal satisfaction
    3. CLower taxes
    4. DUncertain income
  8. 8Alaina needs advice and assistance in starting her new business, so she contacted the Service Corps of Retired Executives (SCORE). Jack, a SCORE volunteer, agreed to act as her guide in the business start-up process. Jack is serving which role?
    1. AIntermediary
    2. BApprentice
    3. CEntrepreneur
    4. DMentor
  9. 9Entrepreneurs often discover business start-up ideas by looking for gaps between what is being done and which other factor?
    1. AHow things are being done
    2. BWhat was done in the past
    3. CWhen changes were last made
    4. DWhat needs to be done
  10. 10Which positive effect do small businesses have on the local community?
    1. AReduction of competition
    2. BPay in of taxes
    3. CLimitation on job growth
    4. DCharging of interest

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ENT I 1.0 Unit
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English
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