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- 1. Multiple Choice
1. Which of the following would NOT be a place to go to get good business advice?
A. The Better Business Bureau
B. An Embezzlers Anonymous Meeting
C. A Community Workshop
D. The Chamber of Commerce
- 2. Multiple Choice
2. Which of these is NOT a benefit of buying an existing business?
A. Existing customers
B. Tax debt
C. Trained and experienced staff
D. Existing location(s)
- 3. Multiple Choice
3. What kind of business opportunity is started from scratch?
A. A new business
B. An existing business
C. Corporate freelance business
D. A franchise
- 4. Multiple Choice
4. Which of these is NOT a characteristic of an entrepreneur?
A. Good communicator
B. Self-starter
C. Fearful
D. Risk taker
- 5. Multiple Choice
5. You should seek the advice of a trained professional to
A. Help you when you don't feel smart enough on your own.
B. Get accurate and specialized information relevant to your situation.
C. Provide funding for your idea.
D. Write off their services on your income taxes.
- 6. Multiple Choice
6. Bigger risks can mean
A. Bigger opportunities for success.
B. More people will get involved.
C. Certain failure.
D. Bigger need for cash investment.
- 7. Multiple Choice
7. A person doing medical billing from their den is an example of a/an
A. Corporate freelance business
B. Home-based business
C. Internet-based business
D. Franchise
- 8. Multiple Choice
8. Which is an advantage of owning a franchise?
A. Owners spend a lot of time in the beginning getting things up and running
B. Owners pay a large franchise fee up-front to "buy-in"
C. Owners are locked into franchise rules, food, menu, uniforms, etc
D. The company has wide-spread name and brand recognition
- 9. Multiple Choice
9. What is most important for entrepreneurs with home-based businesses to remember?
A. You need to clearly define your "work" time and your "home" time.
B. You need to work hard to build your business and make it successful.
C. You shouldn't wear your pajamas all day just because you can.
D. You should schedule lunches out of the house as a tax write-off.
- 10. Multiple Choice
10. A successful entrepreneur is
A. A leader.
B. Annoying.
C. A troublemaker.
D. A loser
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