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    ENTR Module 1 Quiz - Entrepreneurship

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    This document provides information about an entrepreneurship module quiz that covers content from Module 1. It includes 8 questions testing definitions and concepts related to entrepreneurship, such as active listening strategies, calculating return on investment, defining equity and profit, identifying soft skills and traditional business funding sources, and matching legal business structures to their definitions. The quiz allows unlimited attempts and partial credit to foster learning, though points may be deducted for incorrect answers. </SUMMARY>

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    Download as PDF, TXT or read online from Scribd

    ENTR Module 1 Quiz - Entrepreneurship

    Uploaded by

    Saphy
    2K views5 pages
    This document provides information about an entrepreneurship module quiz that covers content from Module 1. It includes 8 questions testing definitions and concepts related to entrepreneurship, such as active listening strategies, calculating return on investment, defining equity and profit, identifying soft skills and traditional business funding sources, and matching legal business structures to their definitions. The quiz allows unlimited attempts and partial credit to foster learning, though points may be deducted for incorrect answers. </SUMMARY>

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    ENTR Module 1 Quiz_ Entrepreneurship

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    ENTR Module 1 Quiz_ Entrepreneurship

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    This document provides information about an entrepreneurship module quiz that covers content from Module 1. It includes 8 questions testing definitions and concepts related to entrepreneurship, such as active listening strategies, calculating return on investment, defining equity and profit, identifying soft skills and traditional business funding sources, and matching legal business structures to their definitions. The quiz allows unlimited attempts and partial credit to foster learning, though points may be deducted for incorrect answers. </SUMMARY>

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views5 pages

    ENTR Module 1 Quiz - Entrepreneurship

    Uploaded by

    Saphy
    This document provides information about an entrepreneurship module quiz that covers content from Module 1. It includes 8 questions testing definitions and concepts related to entrepreneurship, such as active listening strategies, calculating return on investment, defining equity and profit, identifying soft skills and traditional business funding sources, and matching legal business structures to their definitions. The quiz allows unlimited attempts and partial credit to foster learning, though points may be deducted for incorrect answers. </SUMMARY>

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    © All Rights Reserved
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    of 5

    19/10/2020 ENTR Module 1 Quiz: Entrepreneurship

    ENTR Module 1 Quiz


    Due No due date Points 16 Questions 8 Time Limit None
    Allowed Attempts Unlimited

    Instruc ons
    This quiz covers the content in the Entrepreneurship Module 1. Because this quiz is designed for
    practice, you will be allowed multiple attempts and the grade does not appear in the gradebook.

    There are multiple task types that may be available in this quiz. In some task types, partial credit
    scoring is allowed to foster learning. Please note that points on quizzes can also be deducted for
    answering incorrectly.

    Form 27511

    Take the Quiz Again

    A empt History
    Attempt Time Score
    LATEST Attempt 1 8 minutes 13.6 out of 16 *

    * Some questions not yet graded

    Submitted Oct 19 at 7:57pm

    Question 1 2 / 2 pts

    Which statement correctly describes a strategy used in active listening?

    Correct! Be relaxed, confident, and maintain eye contact.

    Try to anticipate what the speaker will say next.

    Plan a response before the speaker has finished talking.

    Interrupt the speaker whenever you have a relevant question.

    https://82252856.netacad.com/courses/978585/quizzes/8808203 1/5
    19/10/2020 ENTR Module 1 Quiz: Entrepreneurship

    Question 2 Not yet graded / 2 pts

    Saeed needs money to purchase tools, basic office supplies, parts to


    refurbish equipment, accounting software, and legal help fees.
    Believing Saeed's business will be a success, an investor invests
    $5,000 to help Saeed open his business. In return, Saeed agrees to
    repay the investor the $5,000 plus 17 percent of the profits of the
    business. Calculate the return on investment for the investor if Saeed's
    business makes $7,000 in profit as a total return of the business in its
    first year. Show your work as part of your answer.

    Your Answer:

    5000 + (2000 *17%)

    Refer to curriculum topic: 1.1.3


    7000.00 * .17 = 1190. So the ROI on $7000.00 profit at 17%
    would be $1,190.00.

    Question 3 2 / 2 pts

    Which term describes the result of trading a percentage of ownership in


    a company to an investor in exchange for money?

    debt

    grant

    Correct! equity

    income

    https://82252856.netacad.com/courses/978585/quizzes/8808203 2/5
    19/10/2020 ENTR Module 1 Quiz: Entrepreneurship

    Question 4 1.6 / 2 pts

    Match the type of record to the example document it reflects. (Not all
    options are used.)

    Correct! assets record of office equipm

    Correct! inventory stock levels for a speci

    Correct! expenses credit card statements

    ou Answered income performance evalua o

    Correct Answer customer purchase


    receipts

    Correct! employee performance evalua o

    Other Incorrect Match Options:


    flyers from other businesses

    Question 5 2 / 2 pts

    Which three skills are examples of soft skills? (Choose three.)

    software installation

    Correct! problem solving

    Correct! effective communication

    https://82252856.netacad.com/courses/978585/quizzes/8808203 3/5
    19/10/2020 ENTR Module 1 Quiz: Entrepreneurship

    network troubleshooting

    Correct! reliability

    equipment repair

    Question 6 2 / 2 pts

    Fill in the blank.


    If the income of a business exceeds its costs, the money that remains

    is called the profit .

    Answer 1:

    Correct! profit

    Question 7 2 / 2 pts

    Which three funding sources would be considered traditional business


    funding? (Choose three.)

    Correct! business loans

    sale of assets

    Correct! personal funds

    barter agreements

    Correct! private investors

    borrowing against a home

    https://82252856.netacad.com/courses/978585/quizzes/8808203 4/5
    19/10/2020 ENTR Module 1 Quiz: Entrepreneurship

    Question 8 2 / 2 pts

    Match each legal business structure to the corresponding definition.


    (Not all options are used.)

    Correct! partnership a company owned by t

    Correct! cooperative a company owned and

    Correct! corporation an en ty in its own rig

    Correct! sole proprietorship a company owned by o

    Other Incorrect Match Options:


    an entity whose mission is to improve society in some way

    https://82252856.netacad.com/courses/978585/quizzes/8808203 5/5

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