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Professional Development
9th -
12thgrade
Entrepreneurship Pretest
45 questions
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- 1. Multiple ChoiceOral communication skills are important for any career, whether you use it in informal conversations or business presentations.TrueFalse
- 2. Multiple ChoiceRequires, a sender, receiver, and a messageAttitudeCommunicationConflictSympathy
- 3. Multiple ChoiceUsing gestures to communicateNon-verbalVerbal"You" Message"I" Message
- 4. Multiple ChoiceAll are examples of communicating non-verbally expect...GesturesVoicePostureTouch
- 5. Multiple ChoiceThe 2 Types of communication are:Verbal and GesturesVerbal and Eye ContactNon-Verbal and Eye ContactVerbal and non-verbal
- 6. Multiple ChoiceWritten messages used by employees within an organization to communicate with one another.E-mailLetterMemoAgenda
- 7. Multiple ChoiceWalmart Supercenter
Attn: Deli Department Manager
120 Dream Lane
Dallas, TX 87310
This is an example of:BodyInside Address ( Letter Address)Return Address (Writer's Address)Salutation - 8. Multiple ChoiceYours truly
is an example of:SalutationComplimentary ClosingBodyWriter - 9. Multiple ChoiceDear Ms. Weaver is an example of:Complimentary closingAttachmentSalutationInside Address
- 10. Multiple ChoiceWhat is the most common method of communication for many businesses?FacetimeEmailInstant messgeAll of these
- 11. Multiple ChoiceUSE ALL CAPS when sending emails.TrueFalse
- 12. Multiple Choicespecific group for which a business's products, services and marketing efforts are intendedMass MarketingGoalsTarget MarketSecondary Research
- 13. Multiple ChoiceWhich of the following is NOT true about an entrepreneur?a. An entrepreneur has ownership in the businessb. An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to himc. An entrepreneur gets to act as his own boss.d. An entrepreneur is responsible for the success of their business
- 14. Multiple ChoiceWhich of the following is an advantage of starting your own business?a. During the startup phase, you do not have to think about fundingb. You have control over where and when you workc. As long as you make a business plan, you will know what obstacles to expectd. You are in charge of the decision making so there is little to no risk
- 15. Multiple ChoiceWhat is the main difference between a personal characteristic and a skill?a. Many people are born with business skills, but not characteristicsb. Characteristics become skills over timec. You can learn a characteristic, but not skillsd. Skills can be learned while characteristics are inherent qualities
- 16. Multiple ChoiceWhat role do entrepreneurs play in economics?a. Entrepreneurs tell consumers what they should want or needb. Entrepreneurs create the businesses that produce products that meet the wants and needs of consumersc. Entrepreneurs borrow money from the economy to start their businessesd. None of the above
- 17. Multiple ChoiceWhich of the following ensures a good idea for a business is an actual business opportunity?a. The idea solves a unique need or want in the market that a group of customers is willing to buy.b. The idea is something that no one has ever thought of beforec. The entrepreneur is really passionate about the idead. The entrepreneur will have to spend a lot of money and time to implement the idea
- 18. Multiple ChoiceWhich of the following should you NOT do when collecting and evaluating data on your market?a. Find data on what your target market segment thinks and shift your business to meet their needs or wantsb. Only look for data that supports your initial ideac. Gather data on what your competitors are doing and create a competitive advantage to stay relevant in the marketd. Collect data from a variety of sources and perspectives
- 19. Multiple ChoiceSharon is thinking about opening a bakery. Which of the following would NOT be a good early step?a. Create a business pitchb. Get a mentorc. Estimate the target marketd. Immediately put down a deposit for a storefront property
- 20. Multiple ChoiceThe majority of businesses are this type of this business ownership but generate the least amount of sales.ProprietorshipPartnershipCorporationFranchise
- 21. Multiple ChoiceThis type of business is subject to many more laws and are more difficult to form.ProprietorshipPartnershipCorporationFranchise
- 22. Multiple ChoiceThe process of an individual or a group of individuals using organized efforts to pursue opportunities to meet needs and wants through innovation isEntrepreneurshipProducingMarketingManufacturing
- 23. Multiple ChoiceA business owned by one person isa cooperativea corporationa partnershipa sole proprietorship
- 24. Multiple Choice
The willingness and ability to buy a good is known as
Supply
Demand
Compliment
Price
- 25. Multiple Choice
What is the biggest factor that affects demand?
Quantity
Price
Supply
Substitute
- 26. Multiple Choice
A chart that shows how much one person would pay for a certain product at a certain price is known as �
Demand Curve
Equilibrium Chart
Income Curve
Demand Schedule
- 27. Multiple ChoiceWhen your supply exceeds your demand you will have a...ShortageSurplusScarcityIncentive
- 28. Multiple ChoiceFord is charging 15% more on the new 2018 Ford F150 because people have been buying them so fast. They are overcharging because they are experiencing a...SurplusScarcityIncentiveShortage
- 29. Multiple ChoiceAnother word for limited resources is...WantsScarcityNeedsSurplus
- 30. Multiple Choice
Demand is how many people want the goods that are available. If _____ people want the goods available, there is _____.
many, high demand
aren't many, high demand
aren't many, low demand
many, low demand
- 31. Multiple ChoiceMarkets are the means by which buyers & sellers carry out exchange.TrueFalse
- 32. Multiple ChoiceWhy do we communicate?Solve ProblemsEstablish RelationshipsUnderstand other peopleAll of the above
- 33. Multiple ChoiceWhat is the first thing you should do when handed a set of instructions?read them completelystart with number one on the listskim the directions quicklyjust look at the pictures
- 34. Multiple ChoiceBecoming an Entrepreneur starts with having ...MoneyAn ideaDeterminationAll of the above
- 35. Multiple ChoiceYou must buy more than one share of stock to be considered an owner of a corporationTrueFalse
- 36. Multiple ChoiceA natural ability to do a particular type of work or activity well is calleda skillan attitudean aptitudeself-esteem
- 37. Multiple ChoiceAs an entrepreneur, the amount of money you received from your companyis constant, like a paycheck for any other employeeis typically less than for an employeeis typically more than for an employeemay go up or down, depending on the business
- 38. Multiple Choice
Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of
advertising.
money
employees.
commitment
- 39. Multiple Choice
What is a disadvantage of entrepreneurship?
Personal satisfaction
Uncertain income
Lower taxes
Flexible schedule
- 40. Multiple ChoiceAnalyzing the strengths and weaknesses of your competition is a waste of resources.TrueFalse
- 41. Multiple ChoiceA ______________ is a quick description of your business that you use to explain it to potential investors.business plansales forecastbusiness pitchbusiness analysis
- 42. Multiple Choice
Which of the following would be an example of a manufactured good?
TV
Glasses
Sports Car
All of the above
- 43. Multiple ChoiceWhich of the following is an advantage of the corporation as a form of business ownership:Less complex requirementsSeparate owners and managersLimited liabilityHigh Taxes
- 44. Multiple ChoiceWhat is an example of an oligopoly?soft drink industrycellphone industrycookie industrymilk industry
- 45. Multiple ChoiceEssential rule in economics that states when the price of a product goes up, demand goes down and when the price goes down, demand goes up.Demand CurveConsumer EffectPossibility CurveLaw of Demand
- Answer choicesTagsAnswer choicesTags