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FBLA Economics Test 2
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FBLA Economics Test 2
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25 Questions

1. Which plan looks at the people aspects of a business?
2. Which one of the following helps the entrepreneur decide whether a new business concept has potential?
3. Entrepreneurs want to make their own decisions. Which word best describes this characteristic?
4. The amount of a good or service that producers are willing to provide is called
5. The channel used to deliver a product through wholesalers is a(n)
6. One way to prevent some of the problems that family businesses face is to
7. The success or failure of an entrepreneurial venture rests entirely on the
8. A key element in a market economy between similar businesses is
9. The chances of a new business succeeding are good with
10. Which one of the following presents the company's strategy for making the customer aware of the product or service it's offering?
11. A document that describes a new business is a
12. Entrepreneurs must understand how the economy works. What skill does this describe?
13. Which of the following is a contribution that a business owner makes to the community?
14. McDonald's is an example of a(n)
15. Before you can determine if a new venture is feasible, you must prepare
16. A business that files Chapter 7 bankruptcy and loses money for creditors and investors is considered a
17. A new business's ability to start and grow is affected by which of these variables?
18. Entrepreneurs want to know as much as possible about anything that might affect their ventures. Which of these terms describe this characteristic?
19. A successful entrepreneur is willing to work until a job is done. Which of these terms describe this characteristic?
20. Business ownership carries with it a certain amount of
21. Which one of the following offers technical and general assistance to entrepreneurs in a specific profession or industry?
22. The channel used to deliver a service directly to the customer with no one in between is a(n)
23. To identify consumer markets, you should be aware of
24. Identify the letter of the choice that best completes the statement or answers the question. Revenues lost to lower prices can be made up through"
25. Which of the following are some of the major trends for the creation of new businesses?

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