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FBLA Entrepreneurship Test Questions and Answers (Latest Update 2025) 100 Questions
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FBLA Entrepreneurship Test Questions and Answers (Latest Update 2025) 100 Questions
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FBLA Entrepreneurship Test Questionsand Answers (Latest Update 2025) 100
Questions
Most startup companies can expect to need _____ capital than
they anticipate. - Correct Answer ✅ More
The primary cause of small business failures is: - Correct
Answer ✅ Management Mistakes
Entrepreneurs tend to be overly ______ and misjudge the
______ requirements to start a new business. - Correct
Answer ✅ Optimistic; Financial
The ability to develop new ideas is known as: - Correct
Answer ✅ Creativity
Which one of the following is usually included on the cover
page of the business plan? - Correct Answer ✅ Disclaimer
Which one of the following management skills should a
prospective team member possess? - Correct Answer ✅
Prepared to Recruit High-Quality People
,FBLA Entrepreneurship Test Questions
and Answers (Latest Update 2025) 100
Questions
Which one of the following is not true regarding a business
plan? - Correct Answer ✅ A business plan is a document
that describes the success factor of an ongoing business.
Which one of the following is not a part of the executive
summary section of the Business Plan? - Correct Answer ✅
Competition Information
Which one of the following is an overview of the business
plan intended to capture reader interest? - Correct Answer
✅ Executive Summary
Which one of the following should be included in the
environmental and industry analysis section of the business
plan? - Correct Answer ✅ Trends at the national and
international levels that could influence the business.
Which one of the following should be identified form among
the main competitors to the planned business? - Correct
Answer ✅ Quality Leader
, FBLA Entrepreneurship Test Questions
and Answers (Latest Update 2025) 100
Questions
Which one of the following is not a part of the marketing
research and evaluation section of the business plan? -
Correct Answer ✅ Potential for Long Term Growth
All business plan information includes assumptions based on
information available. How should this be addressed in the
business plan? - Correct Answer ✅ The differing results if
and when results differ from projections should be included.
Every business plan contains forecasts that include risk. What
is one positive way to address risk? - Correct Answer ✅
The business plan should present alternatives.
Developing a business plan is a good way to: - Correct
Answer ✅ Prevent costly oversights in the creation of a
business.
Which one of the following is true concerning the
product/service description section of the business plan? -
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