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Career Management - Chapter 4
Test Description: Career Management - Chapter 4
Instructions: Answer all questions to get your test result.
1) what is an advantage of entrepreneurship
A
high risk
B
potentially high income
C
competition
D
long work hours
2) what type of business ownership is an arrangement between two or more people
A
corporation
B
franchise
C
partnership
D
sole proprietorship
3) which of the following is NOT a trait of an entrepreneur
A
motivated
B
decision maker
C
risk taker
D
lazy
4) what type of business ownership is completely owned by one person
A
franchise
B
partnership
C
sole proprietorship
D
corporation
5) what is the most expensive form of business ownership
A
partnership
B
corporation
C
franchise
D
sole proprietorship
6) which for of business ownership is taxed the most
A
franchise
B
partnership
C
corporation
D
sole proprietorship
7) what is a disadvantage of buying a franchise
A
national marketing
B
established products
C
proven management system
D
paying a percentage of your profits to the franchisor
8) which type of business ownership is chartered by a state that legally operates apart from the owner
A
franchise
B
sole proprietorship
C
partnership
D
corporation
9) which entrepreneur started Wal-Mart
A
Bill Gates
B
Dave Thomas
C
Sam Walton
D
Ray Kroc
10) which entrepreneur started McDonalds
A
Sam Walton
B
Ray Kroc
C
Dave Thomas
D
Bill Gates
*select an answer for all questions
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