Business Baseline Test 1.1-1.2

An entrepreneur is someone 

• Someone who works for a new business
• Someone who starts a new business
• Someone who takes over an existing business
• Someone who does not want to work

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

An entrepreneur must know...

• Only the parts of the business they like
• No parts of the business management
• all parts of business:  finance, marketing, etc.

An entrepreneur can own an online business...

• False - entrepreneurs can only create business in person
• True - there are companies online as well as in person

Entrepreneurs work until the job is done.

• Persistent
• Inquisitive
• Self Confident
• Creative

Entrepreneurs are constantly looking for new ways to solve problems.

• Persistent
• Creative
• Self Confident
• Independent

Entrepreneurs look for challenging opportunities and are not afraid of the possibility of failure.

• Risk Taker
• Goal Oriented
• Creative
• Responsible

What is Entrepreneurship?

• Job shadowing for customers
• The process of working under a boss
• The process of starting, organizing, managing, and assuming the responsibility for a business
• Working the cash

Survival in a business situation means:

• Making products cheaper than competitors

• Making sure the business continues to operate

• Making less profit than last year

• Providing good service rather than making profit

A business might want to grow because:

• It sees the opportunity of making more profit

• Growth will mean more people working in the business

• It is the best objective to have

• It will guarantee more profit

Which order would you expect a business to have its objectives in?

• Growth, profit, survival

• Profit, growth, Survival

• Survival, profit, growth

• Survival, growth, profit