ENTQ1 Multiple Choice Test

The process of getting into and operating one’s own business

The primary reason individuals start a business

The amount or quantity of goods or services consumers are willing and able to buy:

Scarcity allows businesses to:

Equilibrium is:

Entrepreneurs contribute to society in all the following ways EXCEPT:

When several businesses strive for the same customer dollar.

When a company can charge high prices because consumers have nowhere else to go.

Government’s role in business encompasses all the following EXCEPT:

All the following are entrepreneurial characteristics, EXCEPT for:

All the following are skills an entrepreneur should have, EXCEPT for:

Which one is a risk of owning your own business?

A successful entrepreneur should:

What type of business gives you the legal rights to market a company’s products in a particular area?

What is a disadvantage of owning your own business?

You want to start a business. Which type of business is right for you, if you want to be independent and make all decisions about everything, keep all the profits, and allows you to hire all-new employees?

All the following are idea-generation methods, EXCEPT for:

Which idea is NOT good for a home-based business?

. All the following are laws to protect ideas and intellectual property, EXCEPT for:

Government agencies that assist entrepreneurs in starting their own businesses include all the following, EXCEPT:

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