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Entrepreneurship Quiz

What type of entrepreneurial business actually produce the products they sell?
Manufacturing
Wholesaling
Retailing
Service
What is an office memorandum?
Message from one person to another
Short written form of business communication
Short speech
Letter
If you own your own business you will need to know how to calculate your profit. Which one is a calculation of profit?
Sales-months in a year
Sales-expenses
Total sales-expenses
Monthly sales expenses
What type of economy allows the government to determine what, how, and whom products and services are produced?
Command
Market
What is the opportunity cost?
Going with your first option
Going with the easiest option
Choosing the best alternative
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