Entrepreneurship Pre-test

People who work for someone else:

• Aptitude

• Employee

• Entrepreneurs

• Entrepreneurship

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable

Entrepreneur is someone who

• Organizes, leads, manages, and assumes the risks of a business

• Makes mass amounts of money

• Is very controlling and close-minded

• You would not want to work for

Why do people want to become entrepreneurs?

• Make a guaranteed amount of money

• To be their own boss and make decisions

• To work longer hours

• To show off how talented they are

Who created Apple products?

• Bill Gates

• Tom Ford

• Steve Jobs

• Sam Walton

What is an expense?

• something the business has to spend money on

• money the business earns.

• the amount of money a business makes.

• the amount of businesses a business has available to spend in a set period of time.

What is a profit?

• items a business sells.

• the amount of money a business makes.

• something the business has to spend money on.

• business spends more money than it receives.

A person who is paid to wait tables at a restaurant is an entrepreneur.

• True

• False

An entrepreneur creates a business without experiencing any risks.

• True

• False

What does it mean to buy stock on credit?

• helps the business to keep track

• businesses can receive goods from suppliers now but pay later for the items.

• items a business sells

• business spends more money than it receives.