Entrepreneurship

Entrepreneurship

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

A person who starts, manages, and owns a business.

Back

Entrepreneur

2.

FLASHCARD QUESTION

Front

The process of starting and managing your own business.

Back

Entrepreneurship

3.

FLASHCARD QUESTION

Front

This is an advantage of Entrepreneurship: Flexible work hours, You are your own boss, Recognition, Do something that you always wanted to do

Back

all of the above

4.

FLASHCARD QUESTION

Front

The following are all disadvantages of entrepreneurship, EXCEPT? High risk of business failure. Possibility of low/no income. Stress. Long work hours.

Back

Potential for high income

5.

FLASHCARD QUESTION

Front

This is a business owned by one person

Back

Sole Proprietorship

6.

FLASHCARD QUESTION

Front

This is a business owned by two or more people

Back

Partnership

7.

FLASHCARD QUESTION

Front

This is a legal entity owned by stockholders and operated by a board of directors. It operates as a separate legal entity apart from the owners.

Back

Corporation

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