FBLA ENTREPRENEURSHIP TEST QUESTIONS WITH CORRECT ANSWERS 2025

FBLA ENTREPRENEURSHIP TEST QUESTIONS
WITH CORRECT ANSWERS 2025
MostYstartupYcompaniesYcanYexpectYtoYneedY_____YcapitalYthanYtheyYanticipate.Y-
YCORRECTYANSWERY-More




TheYprimaryYcauseYofYsmallYbusinessYfailuresYis:Y-YCORRECTYANSWERY-ManagementYMistakes



EntrepreneursYtendYtoYbeYoverlyY______YandYmisjudgeYtheY______YrequirementsYtoYstartYaYnewYb
usiness.Y-YCORRECTYANSWERY-Optimistic;YFinancial



TheYabilityYtoYdevelopYnewYideasYisYknownYas:Y-YCORRECTYANSWERY-Creativity



WhichYoneYofYtheYfollowingYisYusuallyYincludedYonYtheYcoverYpageYofYtheYbusinessYplan?Y-
YCORRECTYANSWERY-Disclaimer




WhichYoneYofYtheYfollowingYmanagementYskillsYshouldYaYprospectiveYteamYmemberYpossess?Y-
YCORRECTYANSWERY-PreparedYtoYRecruitYHigh-QualityYPeople




WhichYoneYofYtheYfollowingYisYnotYtrueYregardingYaYbusinessYplan?Y-YCORRECTYANSWERY-
AYbusinessYplanYisYaYdocumentYthatYdescribesYtheYsuccessYfactorYofYanYongoingYbusiness.



WhichYoneYofYtheYfollowingYisYnotYaYpartYofYtheYexecutiveYsummaryYsectionYofYtheYBusinessYPlan?Y-
YCORRECTYANSWERY-CompetitionYInformation




WhichYoneYofYtheYfollowingYisYanYoverviewYofYtheYbusinessYplanYintendedYtoYcaptureYreaderYintere
st?Y-YCORRECTYANSWERY-ExecutiveYSummary

, WhichYoneYofYtheYfollowingYshouldYbeYincludedYinYtheYenvironmentalYandYindustryYanalysisYsectio
nYofYtheYbusinessYplan?Y-YCORRECTYANSWERY-
TrendsYatYtheYnationalYandYinternationalYlevelsYthatYcouldYinfluenceYtheYbusiness.



WhichYoneYofYtheYfollowingYshouldYbeYidentifiedYformYamongYtheYmainYcompetitorsYtoYtheYplanne
dYbusiness?Y-YCORRECTYANSWERY-QualityYLeader



WhichYoneYofYtheYfollowingYisYnotYaYpartYofYtheYmarketingYresearchYandYevaluationYsectionYofYtheY
businessYplan?Y-YCORRECTYANSWERY-PotentialYforYLongYTermYGrowth



AllYbusinessYplanYinformationYincludesYassumptionsYbasedYonYinformationYavailable.YHowYshouldYt
hisYbeYaddressedYinYtheYbusinessYplan?Y-YCORRECTYANSWERY-
TheYdifferingYresultsYifYandYwhenYresultsYdifferYfromYprojectionsYshouldYbeYincluded.



EveryYbusinessYplanYcontainsYforecastsYthatYincludeYrisk.YWhatYisYoneYpositiveYwayYtoYaddressYrisk?
Y-YCORRECTYANSWERY-TheYbusinessYplanYshouldYpresentYalternatives.




DevelopingYaYbusinessYplanYisYaYgoodYwayYto:Y-YCORRECTYANSWERY-
PreventYcostlyYoversightsYinYtheYcreationYofYaYbusiness.



WhichYoneYofYtheYfollowingYisYtrueYconcerningYtheYproduct/serviceYdescriptionYsectionYofYtheYbusi
nessYplan?Y-YCORRECTYANSWERY-PlansYtoYexpandYtheYproductYlineYorYservice.



WhichYoneYofYtheYfollowingYwouldYbeYtheYmostYrelevantYimportantYconsiderationYinYtheYselectionY
ofYtheYrightYgeographicYlocationYforYaYserviceYbusiness.Y-YCORRECTYANSWERY-
ProximityYtoYCustomers



WhichYoneYofYtheYfollowingYbenefitsYtoYtheYcommunityYinYwhichYtheYbusinessYisYorYwillYbeYlocatedY
shouldYbeYaddressedYinYtheYbusinessYplan?Y-YCORRECTYANSWERY-JobYCreation