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FBLA Entrepreneurship Test 2
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FBLA Entrepreneurship Test 2
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25 Questions

1. Things that a person owns are called:
2. An online ad that changes the background of the page being viewed is a:
3. Which form of ownership generally has the least ability to accumulate capital?
4. The biggest disadvantage of public relations is the:
5. One 'natural' advantage small businesses have over large businesses, which can be a significant competitive advantage, is:
6. The form of ownership with the greatest ability to accumulate capital is the:
7. Establishing informal ties with people who can help your business grow is called:
8. An entrepreneur would not use _for recruiting.
9. Taxes matched by both employers and employees are:
10. As the owner of a business, you will be responsible for collecting and paying taxes on the wages you pay your employees. This tax is:
11. Which trade agreement ended trade barriers between the United States, Mexico, and Canada?
12. Which one of the following generally is not required by a Certificate of Incorporation?
13. Co-ownership of property without the right of survivorship is called:
14. is the practice of advertising a product at a low price while intentionally stocking only a limited number in hopes of luring shoppers to buy more expensive items.
15. One major advantage of the____is that once the owner has paid all of the company's expenses, he/she can keep the remaining profits (less taxes):
16. What type of business is the plant that manufactures polo clothing?
17. Payroll income taxes must be paid ___ by the employer.
18. Income tax in the United States is a tax.
19. The list of people who receive salary or wage payments from a business is called a(n):
20. The appendix to a business plan would likely include:
21. is not one of the basic strategies for dealing with risk.
22. Which one of the following is not a part of the marketing mix?
23. ADA was enacted to prevent discrimination when hired based upon:
24. The is a financial statement that shows how much money is available to pay bills.
25. On the first day of business for your candy store, Rocky Mountain Fudge, a five-year-old girl comes in with $1 and wants to purchase a package of chocolate candy that costs $1. You explain to her that she does not have enough money to buy the fudge because she must pay:

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