Business Structures — Unit test Answers
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How are Bill Gates and Henry Ford similar? Check all that apply.They both streamlined factory production.They both became wealthy and successful.They both helped better the lifestyles of others.They both developed products that filled a human need or needs.They both founded a company when they were very young.
A
They both streamlined factory production.B
They both became wealthy and successful.C
They both helped better the lifestyles of others.D
They both developed products that filled a human need or needs.E
They both founded a company when they were very young.2
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An entrepreneur’s first business fails, but their second attempt at the business is succeeding. You can assume that
A
they learned from their mistakes.B
they are willing to take fewer risks.C
their products or services were unneeded.D
they were unwilling to take financial responsibility.3
What must an entrepreneur assume when starting a business?
A
that the correct location guarantees successB
that every product has a customer who wants itC
that clever market strategies may still fail to sell a productD
that raising funds is the most difficult step in starting a business4
What was the main effect of entrepreneurship in China?
A
Poverty noticeably declined.B
Foreign investment declined.C
New products were invented.D
Product exports exceeded imports.5
Read the graph.
A
Fewer new businesses were started in 2010 than in other years.B
The opening of new businesses peaked between 2007 and 2008.C
More new businesses were started in 2006 than in 2005.D
The number of new businesses remained constant between 2006 and 2009.Did you find these answers helpful?
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