Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Basics Of Business
Test Description: Basics
Instructions: Answer all questions to get your test result.
1) Collecting, reviewing, and interpreting surveys are a part of what stage of the entrepreneurial process?
A
Concept Development
B
Actualization
C
Harvesting
D
Discovery
2) Seeking people and companies to invest in your business venture is a part of what stage of the entrepreneurial process?
A
Actualization
B
Resourcing
C
Concept Development
D
Discovery
3) Which personal characteristic reflects that successful entrepreneurs are curious about things and are not afraid to ask questions?
A
Creative
B
Responsible
C
Persistent
D
Inquisitive
4) Which personal characteristic reflects that successful entrepreneurs want to make their own decisions, set their own schedules, and can work without supervision?
A
Self-confident
B
Independent
C
Risk-takers
D
Goal-oriented
5) Which is an example of the harvesting stage?
A
Seeking financial assistance
B
Having a grand opening
C
Considering opening a second store
D
Gathering market research data
6) If a business has been operating for two years, what stage of the entrepreneurial process?
A
Harvesting
B
Discovery
C
Actualization
D
Resourcing
7) Preparing a business plan, renting a store, and creating a website are all part of what stage of an entrepreneur?
A
Actualization
B
Resourcing
C
Discovery
D
Concept Development
8) Offering shares of stock to the public is a part of what stage of the entrepreneurial process?
A
Concept Development
B
Resourcing
C
Actualization
D
Harvesting
9) Having a summer clearance sale is an example of what stage of the entrepreneurial process?
A
Concept Development
B
Harvesting
C
Actualization
D
Resourcing
10) Which part of a business plan states how an owner will fund the business?
A
Industry/market analysis
B
Marketing plan
C
Operational plan
D
Financial plan
11) Which part of a business plan would an owner describe his training, knowledge, and experience?
A
Growth plan
B
Management team plan
C
Marketing plan
D
Financial plan
12) Which personal characteristic reflects that a successful entrepreneur develops a plan of action and makes decisions to help achieve that plan?
A
Independent
B
Goal-oriented
C
Risk-taker
D
Self-confident
13) Which part of the business plan gives a short description of the key points of the plan?
A
Growth plan
B
Management team plan
C
Industry/market analysis
D
Executive summary
14) Which part of the business plan would have survey results of competitors in the same area of the potential entrepreneur?
A
Growth plan
B
Industry/market analysis
C
Management team plan
D
Executive summary
15) Which part of the business plan describes the day to day activities of the business?
A
Organization plan
B
Financial plan
C
Industry/market analysis
D
Operational plan
16) Which part of a business plan would the entrepreneur state the target audience?
A
Financial plan
B
Product/service plan
C
Marketing plan
D
Organizational plan
17) Which part of the business plan would an entrepreneur discuss the future plans of expanding the business in 10 years?
A
Organizational plan
B
Operational plan
C
Growth plan
D
Executive summary
18) What could cause a new business to have very few sales in the first year?
A
Lack of a trademark for the company logo
B
Failure to apply for a loan or grant
C
Lack of a good advertising campaign
D
Failure to pay taxes for the new business
19) What could cause a new business to run short on cash during its first year?
A
Shortage of trained employees
B
Failure to apply for a loan or grant
C
Failure to pay taxes
D
Lack of good advertising
20) What could cause a new business to run short of cash during its first year?
A
Shortage of trained employees
B
Failure to secure proper permits and licenses
C
Failure to apply for a loan or a grant
D
Lack of good advertising
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?