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FBLA Entrepreneurship Test
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Avg score: 58% • Most missed: “____ is the assumption in business that a company has legal and ethical responsi…”
FBLA Entrepreneurship Test
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25 Questions

1. Businesses must deposit sales tax ____ into a bank account that belongs to the government.
2. An entrepreneur would not use _____ for recruiting.
3. Income earned by ____ is double taxed.
4. Things that a person owns are called
5. ____ must pay FICA or social security taxes.
6. The biggest disadvantage of public relations is the
7. ____ is made up of more than 10,500 retired executives who volunteer their time to provide entrepreneurs with real-world advice and know-how.
8. The ___ of ethics refers to social expectations of people's moral behavior.
9. ___ are business possibilities that arise from existing conditions.
10. The Consumer Credit Protection Act
11. The ____ follows the main body of a business plan.
12. Which of the following is an advantage of entrepreneurship?
13. ____ would most likely be accepted as collateral for a secured loan for $18,000.
14. The ____ is a financial statement that shows how much money is available to pay bills.
15. Debt-to-equity measures
16. Payroll income taxes must be paid ___ by the employer.
17. The list of people who receive salary or wage payments from a business is called a(n)
18. A small business owner should not ___ when interviewing potential employees.
19. The difference between revenue ad cost of goods sold is
20. The ___ is the grant of the exclusive right to make, use, import, sell, and offer a new product or process.
21. ___ is the ability to learn a particular kind of job.
22. Studies have shown that unions increased members' wages by an average of about ___ percent above the wages of similarly qualified nonunion workers.
23. Every month business must pay sales taxes to the ___
24. The ___ believes that the right thing for a person to do in any situation is the action that best serves that person's own long-term interests.
25. The _____ was passed to promote the employment of people over the age of 40 based on their ability rather than their age.

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