Gr 7 EMS Topic 9 - The entrepreneur

True or false?

An entrepreneur can either start a business or buy an existing business.

• True

• False

True or False?

In all cases, an entrepreneur owns and runs their own business, with no business partners.

• True

• False

True or False?

To become an entrepreneur, one has to have formal qualifications.

• True

• False

True or False?

An entrepreneur is someone who likes to have control and to be in charge.

• True

• False

True or False?

Entrepreneurs are confident and usually avoid taking risks

• True

• False

True or False?

Manufacturing is the same as producing.

• True

• False

True or False?

Not all businesses produce goods.

• True

• False

True or False?

It is assumed that the most important goal of owning a business is to help the community it serves.

• True

• False

True or False?

Wood, nails glue and fabric are examples of raw materials used in the production of furniture.

• True

• False

True or False?

Perseverance means the willingness to take risks.

• True

• False