Entrepreneurship Test Question Bank and Answer Key

May 21st, 2016
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213 Multiple Choice Questions covering the following: ENTREPRENEURSHIP FOUNDATIONS Understand economics, career planning, and information management. Understand economic systems to be able to recognize the environments in which businesses function. Participate in career-planning to enhance job-success potential. Acquire information to guide business decision-making. Write internal and external business correspondence to convey and obtain information effectively. Understand entrepreneurship, product/service management, information management, professional development, emotional intelligence, and operations. Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products. Acquire information to guide business decision-making. Employ entrepreneurial discovery strategies to generate feasible ideas for business ventures/products. Generate venture/product ideas to contribute to ongoing business success. Utilize critical-thinking skills to

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Student Name: ______________________Teacher:______________________District:DuplinAssessment:9_12 Shared Courses ME11 - Entrepreneurship I Test 2Description:All QuestionsForm:501Date: ___________1. What is one of the main reasons why small businesses are strongly promoted and supported by localgovernment?A.They serve only their local communities.B.They are owned by one person.C.They may become a big business.D.They are important to the economy.2. Small businesses have a positive effect on the local community because they:A.reduce competition.B.pay taxes.C.limit job growth.D. charge interest.3. Which of the following statements is most likely to have a negative effect on domestic small-businessgrowth:A.Involuntary tax reductionsB.Restrictive loan policiesC. Low interest ratesD.Slow inflation4. Which of the following statements is true about entrepreneurship and small business growth:A.Trade regulations have very little effect on small-business growth.B.Many people start entrepreneurial ventures during times of economic recession.C.Small business start-ups are taxed at a higher rate than multinational companies.D.Consumer spending is a primary factor that influences entrepreneurial success.5. Successful entrepreneurs enjoy their work and often start their businesses so that they can share theirinterests and enthusiasm with others. In other words, successful entrepreneurs have __________ wha

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