Ch 6: CSET Business - Entrepreneurship

About This Chapter

Let us show you what entrepreneurship is and help you learn about the different forms. The video lessons and self-assessment quizzes provide several approaches to help you correctly answer these types of questions on the CSET Business test.

CSET Business Subtest III: Entrepreneurship - Chapter Summary

The lessons in this chapter help you gain an understanding of the pros and cons of entrepreneurship, including its contributions to the U.S. economy. Use these lessons to deepen your knowledge of subjects the exam covers. The videos go over:

  • What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples
  • The Basics of Partnerships: Types & Examples
  • Corporations: Types, Advantages, Disadvantages & Examples
  • Franchises: Opportunities and Challenges
  • The Contribution of Entrepreneurs to the U.S. Economy
  • What is an Entrepreneur? - Definition, Characteristics & Examples
  • Small Business in the American Economy
  • Managing a Small Business
  • Starting a Business: Business Planning, Financing, Location Analysis, Regulatory Compliance, Government Assistance Available

Using concrete examples and accessible language, the videos in this chapter prepare you for subjects that come up on the CSET Business Subtest III.

CSET Business Subtest III: Objectives

The CSET (California Subject Examination for Teachers) Business exam tests both your knowledge and ability to meet basic skills requirements in business in preparation for California teacher licensing in this subject. The CSET Business Subtest III constitutes one-third of the CSET Business exam. In this subtest, you'll need to:

  • Understand the principles of the various types of business ownership
  • Describe how entrepreneurs contribute to the economy
  • Describe the pros and cons of the different types of business ownership
  • Understand the steps of creating a business plan

Subtest III consists of 40 multiple-choice questions. The self-assessment tests that accompany each video lesson help prepare you by providing practice in multiple-choice questions such as those on the exam.

The subtest also includes two constructed-response questions, which require you to discuss, analyze, interpret, or otherwise respond to a resource such as an introductory paragraph, quotation, map, or example situation. One constructed-response question on the subtest is short and focused; the other calls for an extended response. Reinforce your knowledge of international business with Study.com video lessons so you can feel confident going into the exam.

8 Lessons in Chapter 6: CSET Business - Entrepreneurship
Test your knowledge with a 30-question chapter practice test
What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples

1. What is a Sole Proprietorship? - Definition, Advantages, Disadvantages & Examples

Many businesses start out as sole proprietorships. In this lesson, you'll learn what a sole proprietorship is and its advantages and disadvantages. You'll also have a chance to reinforce your knowledge with a short quiz.

The Basics of Partnerships: Types & Examples

2. The Basics of Partnerships: Types & Examples

Partnerships are a common way to organize a business in the United States. In this lesson, you'll learn about different types of business partnerships and their respective advantages and disadvantages. A short quiz follows the lesson.

Corporations: Types, Advantages, Disadvantages & Examples

3. Corporations: Types, Advantages, Disadvantages & Examples

Corporations are a popular form of business organization for large and small businesses. In this lesson, you'll learn about the advantages and disadvantages of a corporation. You'll also learn about S-corporations and C-corporations.

Franchises: Opportunities and Challenges

4. Franchises: Opportunities and Challenges

Franchises offer a way for a person to start a proven business. In this lesson, you'll learn about franchises, including their advantages and disadvantages. You'll also learn about diversity and global challenges in franchising.

What is an Entrepreneur? - Definition, Characteristics & Examples

5. What is an Entrepreneur? - Definition, Characteristics & Examples

Entrepreneurship is an important engine of growth in the economy. In this lesson, you'll learn about what an entrepreneur is and the key characteristics and skills that a successful entrepreneur possesses. Some examples of entrepreneurs will also be given.

Entrepreneurship & the Economy: Definition & Importance

6. Entrepreneurship & the Economy: Definition & Importance

Entrepreneurs fill a vitally important role in market economies. In this lesson, you'll learn about the importance of entrepreneurship, different types of entrepreneurs and how they add value to an economy.

Small Business in the American Economy

7. Small Business in the American Economy

Nearly every business starts 'small.' In this lesson, you'll learn how a small business is defined, some characteristics of a small business, and the importance of them in the economy. You'll also learn why some small businesses fail.

Managing a Small Business

8. Managing a Small Business

Small businesses are an important engine of growth in an economy. In this lesson, you'll learn about some key areas of small business ownership that an owner should master to be successful. A short quiz follows.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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