ENT: 6-1 Entrepreneurs vs. Small-Business Owners vs. Managers

Who invented a soccer ball that generates electricity for a reading lamp?

• Jessica O. Matthews

• Kevin Plank

• Harry S. Truman

• None of the above

What is the main benefit of Jessica O. Matthews' invention in poor countries?

• Promotes exercise

• Provides light to people with limited access to the electric grid

• Generates electricity for strollers and shopping carts

• None of the above

How did Kevin Plank start his business?

• By borrowing money from his grandmother

• By selling flowers while in college

• By raising funds through Kickstarter

• None of the above

According to the Small Business Administration, what percentage of businesses in the United States are considered 'small'?

• 99.7%

• 50%

• 25%

• 10%

What is one difference between entrepreneurs and small business owners?

• Entrepreneurs take more risk

• Small business owners focus on generating a steady income

• Entrepreneurs work 'in' their businesses

• All of the above

What is the main goal of entrepreneurs?

• To work 'in' their businesses

• To create something unique

• To grow their businesses rapidly

• To provide for themselves and their families

What is one way small business owners differ from entrepreneurs?

• Small business owners enjoy their work more

• Small business owners take less risk

• Small business owners work 'on' their businesses

• Small business owners have a vision for their companies

What is the role of a manager in a company?

• To take on the risk of the entrepreneur or business owner

• To work 'on' the business

• To formulate and implement company policies

• To create something unique

What is one responsibility of a manager?

• To allocate scarce resources

• To create breakthrough technology

• To grow the business rapidly

• To provide a steady income

Who is the target audience for this quiz?

• Grade 11 students

• Entrepreneurs

• Small business owners

• Managers