Checkpoint 1 Review Grade 9

Enterprise is ________

• a customer

• a person who sets up and runs a business

• a business

An entrepreneur is __________

• a business

• a customer

• skills and characteristics

• a person who sets up and runs a business

What is a risk?

• when something good can happen

• when something bad can happen

What is a reason for starting a business?

• loosing money

• loosing customers

• helping people

What is a risk of starting a business?

• helping people

• making money

• loosing self-confidence

• achieving goals

What is an action plan?

• a business plan

• skills

• characteristics

• a documents that lists a step-by-step list of actions needed to complete a task

What is included in an action plan?

• skills, characteristics, products, customers

• actions, person responsible, start and finish date

• business plan, start and finish date, products

What is the first stage of an action plan?

• •Decide when each action should start and end.

• •Implement the plan

• •Set the goal or objective

• •Achieve the goal or finish the project

What is the last stage of an action plan?

• set the goal

• review the plan

• decide who is responsible for each task

• achieve the goal

Ali owns a popular car accessories shop. However, when the business makes a profit, he never spends any of it on the business. He chooses to spend it on buying computer games.

Identify the reason why the business might fail.

• poor choice of location

• unclear objectives

• poor financial management

• lack of finance