Ch. 6 Review - Entrepreneurship and Small Business

someone who takes a risk in starting a business to earn a profit is a(n) ________________

• manager

• entrepreneur

• sole proprietor

• business owner

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

a designed change that increases the usefulness of a product, service, or process is an ______________.

• innovation

• improvement

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

money provided by large investors to finance new products and new businesses that have a good chance to be very profitable is called ________________.

• start-up financing

• short-term financing

• venture capital

an invention or creation that is brand new is a(n) ______________.

• innovation

• improvement

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Where do business ideas come from?

• social media

• your parents

• the internet

• your hobbies and interests.

All people who own or manage a business are entrepreneurs.

• True

• False

Many entrepreneurs own their first business in their teens.

• True

• False

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

choose which personal characteristics that successful entrepreneurs have:

• reliable

• creative

• independent

• persistent

Nearly ____________ of all Americans 18-64 years old are involved in some type of entrepreneurship activity.

• 3%

• 30%

• 23%

• 13%

Tags

CCSS.6.SP.B.5A

Most new businesses start on ________________ or less.

• $5000

• $15,000

• $25,000

• $10,000

Tags

CCSS.6.SP.B.5B