Quiz

A good way to protect against disk failure is to ________.

A.

back-up with a Zip drive or Syquest

B.

back up with a CD

C.

back up with a floppy diskette

D.

All of the above.

1 points Saved

Question 4

If a business is not making a profit, the entrepreneur knows that ________.

A.

people are willing to buy the product/service at high price

B.

no one wants to buy the product/service

C.

he/she is not making good use of scarce resources

1 points Save Answer

Question 5

How does the free-enterprise system discourage entrepreneurs who waste resources?

A.

They can't make a profit and are forced out of business.

B.

The government penalizes them.

C.

They run into regulations that make it too difficult for them to operate.

1 points Save Answer

Question 6

In creating a new business, a(n) ________ is one that comes from inside you, a hobby or an interest.

A.

compulsion

B.

external opportunity

C.

internal opportunity

D.

passionate choice

1 points Save Answer

Question 7

Products are tangible, meaning ________.

A.

you can't actually touch them

B.

you can touch them

C.

you can see them

D.

you can sell them

E.

they doesn't exist

1 points Save Answer

Question 8

To Russell Simmons, among the seven rules for building a successful business are ________.

A.

building a team and writing a realistic plan

B.

gathering resources and deciding the form of ownership

C.

recognizing an opportunity and evaluating it

D.

All of the above.

1 points Save Answer

Question 9

Why do consumers benefit from free trade and the resulting competition between businesses?

A.

Competition tends to drive down prices and improve quality.

B.

Competition drives away the entrepreneurs who use resources most wisely.

C.

Competition offers consumers fewer choices and makes the marketplace less confusing.

1 points Save Answer

Question 10

The best business...