Multiple Choice Entrepreneurship
GHCDP1 Questions with Accurate
Answers
A bank loan is what form of financing? correct answer Debt
A basic entrepreneur's insurance policy is often called a: correct answer Business
owner's policy
A business plan is best described as: correct answer A blueprint for the business
A business plan is helpful to: correct answer All of the options listed
A business plan is useful to: correct answer All of the options listed
A business plan should: correct answer Include and discuss risks
A business with two owners where the profits are taxed as income to the owners
is most likely a: correct answer Partnership
A car lift in an auto shop would best be characterized as what type of asset?
correct answer Equipment
A charge that is a percentage of the loan amount, usually payable monthly, is
called: correct answer Interest
, A company's market share is: correct answer Its revenue divided by the revenue
of all competitors in the market
A go-to-market strategy: correct answer Combines your marketing goals into a
comprehensive plan
A liability is: correct answer Any debt that your business owes, such as a loan
payment
A secured loan is: correct answer Backed by collateral
A share of stock represents: correct answer A portion of ownership in the
company
A target consumer is: correct answer Someone likely to purchase your product or
service
About how long is a true elevator pitch? correct answer 30 seconds
Abusinesswithtwoownerswheretheprofitsaretaxedasincometotheownersismostlik
elya: correct answer Partnership
According to the reading, an entrepreneur should examine _____ when exploring
opportunities. correct answer Her hobbies & interests
According to the reading, Instagram: correct answer Embeds ads in users' stories
GHCDP1 Questions with Accurate
Answers
A bank loan is what form of financing? correct answer Debt
A basic entrepreneur's insurance policy is often called a: correct answer Business
owner's policy
A business plan is best described as: correct answer A blueprint for the business
A business plan is helpful to: correct answer All of the options listed
A business plan is useful to: correct answer All of the options listed
A business plan should: correct answer Include and discuss risks
A business with two owners where the profits are taxed as income to the owners
is most likely a: correct answer Partnership
A car lift in an auto shop would best be characterized as what type of asset?
correct answer Equipment
A charge that is a percentage of the loan amount, usually payable monthly, is
called: correct answer Interest
, A company's market share is: correct answer Its revenue divided by the revenue
of all competitors in the market
A go-to-market strategy: correct answer Combines your marketing goals into a
comprehensive plan
A liability is: correct answer Any debt that your business owes, such as a loan
payment
A secured loan is: correct answer Backed by collateral
A share of stock represents: correct answer A portion of ownership in the
company
A target consumer is: correct answer Someone likely to purchase your product or
service
About how long is a true elevator pitch? correct answer 30 seconds
Abusinesswithtwoownerswheretheprofitsaretaxedasincometotheownersismostlik
elya: correct answer Partnership
According to the reading, an entrepreneur should examine _____ when exploring
opportunities. correct answer Her hobbies & interests
According to the reading, Instagram: correct answer Embeds ads in users' stories
