Entrepreneurs

What is the main financial role of an entrepreneur when starting a business?

• Paying employee wages
• Securing finance and funding growth
• Designing marketing campaigns
• Managing government budgets
• Pluto

Which of the following best describes risk-taking by entrepreneurs?

• They are guaranteed success.
• They may lose the money invested in the business.
• They never take personal financial risks.
• They avoid uncertainty.

Which activity shows organisation and planning by an entrepreneur?

• Playing sports
• Hiring staff
• Paying personal bills
• Taking holidays abroad

Which of the following is a key decision entrepreneurs make?

• Which TV shows to sponsor
• How to manage finance, employment, and marketing
• Where to go on holiday
• Who the Prime Minister should be

Why do entrepreneurs create employment?

• They are required to by law
• Most employees work for small enterprises
• It guarantees them government funding
• It reduces competition

Which entrepreneur is used in the text as an example of innovation?

• Elon Musk
• Richard Branson
• James Dyson
• Jeff Bezos

How do entrepreneurs help the government?

• They set national interest rates
• They generate tax revenues from business profits
• They pay employees’ personal taxes
• They control inflation

Which of the following is NOT an importance of entrepreneurs?

• Boosting the economy through wealth creation
• Creating new jobs
• Guaranteeing no business failures
• Driving innovation

Entrepreneurs are important because they:

• Block competition
• Provide new ideas and better ways of working
• Focus only on their own income
• Replace government services

What is one way entrepreneurs help society?

• By paying all citizens’ wages
• By creating new products and services
• By removing all business risks
• By stopping foreign trade