Who is an entrepreneur?
Business Studies

Quiz
•
Business
•
8th Grade
•
Medium
Sayumi Rajapakse
Used 124+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Grants a license to another
person or business
Entrepreneur is a person who organizes, operates and takes the risk for a new business venture.
The owner of a business
These are closely held businesses usually by family, friends and relatives.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A disadvantage of being an entrepreneur?
Opportunity cost
May become famous and successful if the business grows.
Profit and income may be higher than the salary received from an employee.
You make money doing something you love.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A FAMOUS ENTREPRENEUR we have learned?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Characteristic of entrepreneurs?
Friendly
Lazy
Weak communicator
Optimistic
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a business plan?
Business plan should clearly layout the long term milestones that are most important to
the success of your business.
Business plan answers investor questions such as: is there a need for product/service? ;
What are the financial projections? ; What is the company’s existing strategy?
It is a written document that describes in detail how and a business (usually a start-up) defines
its objectives and how it is to go about achieving its goals.
Creating business plan forces you to analyse the competition. It can be direct or indirect
and it is critical to understand the company’s competitive advantage.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in a business plan?
Name of workers
Finance plan
Expense
Income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A method of measuring business size?
Value of sales
Names of workers
Research
Business idea and help
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