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Entrepreneurship Midterm

Authored by JENELL CRADDOCK

Business

9th - 12th Grade

Used 10+ times

Entrepreneurship Midterm
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51 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which one is TRUE about an entrepreneurship?

They are always well-funded and carefully planned
There are no known risks
They do not hire any employees
There are lots of risks and rewards involved

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the definition of an entrepreneur?

An entrepreneur is someone who creates a business and potentially makes money and runs the business.
none of these
An entrepreneur is someone who manages a business.
An entrepreneur is someone who owns a business and makes profit from that business

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which type of entrepreneurship works at making the world a better place by solving crises and problems?

Corporate
Scalable startup
Small business
Social

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Local grocery stores and hair salons are examples of what type of entrepreneurship?

Small business
Social
Corporate
Large company

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Someone who creates a new product to sell and takes on all of the risks and responsibility is known as what?

A venture capitalist
A corporation
An accountant
An entrepreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which type of entrepreneurship focuses on being able to grow with more financial backing?

Private
Scalable startup
Social
Small business

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

How do focus groups help companies in developing new products?

They help determine the prices of their products.
They provide relevant and new feedback about their products.
They perform research for the company in real world setting.
They develop the marketing strategies with the company to promote their products.
They create surveys for the companies to gather answers to specific questions about their products.

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