
Entrepreneur Quiz
Authored by Leah Kerr
Life Skills
9th - 12th Grade
Used 3+ times

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16 questions
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1.
MULTIPLE SELECT QUESTION
5 mins • 1 pt
if you are operating a business and are selling shoes for $100 each and have sold 20 pairs, what would your total sales be?
$2,000
sales - cost
Units sold X price per product
sales % cost
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The process of creating something new that makes life better is called...
Technology
Innovation
Brand recognition
Opportunity cost
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The act of assuming the risk of operating and managing a business as well as organizing resources to produce goods and services
business
critical thinking
entrepreneurship
distribution
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Who created Facebook
Mark Zuckerberg
Elon Musk
JK Rowling
Walt Disney
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is an entrepreneur?
A person who oversees a specific location.
A person who works for someone else in order to learn skills.
A person who organizes and operates a business or businesses.
None of these
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Lonnie Johnson invented the Super Soaker and licensed the product to the Hasbro toy company. He earned over $200 milllion from his invention because he was able to obtain a:
patent
coupon
rebate
savings plan
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What are the 4 factors of production (resources) needed to start a business?
Land, Labor, Capital, Energy
Land, Opportunity, Cost, Franchise
Natural Resources, Startup venture, supplies, materials
Land, Labor, Capital Entrepreneurship
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