Unit 1 Practice Test

Description

Practice for the high school entrepreneurship course.
Kathleen Keller
Quiz by Kathleen Keller, updated more than 1 year ago
Kathleen Keller
Created by Kathleen Keller over 6 years ago
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Resource summary

Question 1

Question
What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal?
Answer
  • Self-discipline
  • Flexibility
  • Creativity
  • Risk-taking

Question 2

Question
Which statement is most likely to have a negative effect on domestic small business growth?
Answer
  • Involuntary tax reductions
  • Restrictive loan policies
  • Slow inflation
  • Low interest rates

Question 3

Question
Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have which characteristic for what they do?
Answer
  • Apathy
  • Passion
  • Concerns
  • Reservations

Question 4

Question
Alaina 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 startup process. Jack is serving which role?
Answer
  • Apprentice
  • Mentor
  • Entrepreneur
  • Intermediary

Question 5

Question
What is a trend that most likely affects the growth of entrepreneurial ventures?
Answer
  • A rise in the desire for slow response times
  • A higher demand for more convenience products
  • The reduced need for health care and related services
  • The shift to an agricultural based society
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