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