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WorksheetsEntrepreneurship Vocab
Total questions: 28
Worksheet time: 1hrs 22mins
Name
Class
Date
1.
A person who starts and operates their own business
a)
Entrepreneur
b)
Business
c)
Market
d)
Retailer
2.
The activity of making, buying, or selling goods in exchange for money
a)
Whole Sale
b)
Business
c)
Equity
d)
Sale
3.
A place/area where a product or service can be sold
a)
Marketing
b)
Cost
c)
Market
d)
Manufacturer
4.
Valuation means...
a)
Benefit or gain
b)
The price of a product
c)
You describe your personal values
d)
To make a judgement about the value of something
5.
The value of a business is the...
a)
Equity
b)
Sale
c)
Whole Sale
d)
Prototype
6.
A Partnership is...
a)
A business started by a CEO
b)
A business owned by two or more people
c)
Two manufacturers that product a product
d)
Selling goods from one business to another
7.
One person who owns and operates their own business is called a
a)
Partner
b)
Marketing Agent
c)
(Sole) Proprietor
d)
Retailer
8.
The exchange of a product/service for money
a)
Asset
b)
Product
c)
Retail
d)
Sale
9.
The cost of an item is defined as
a)
The price of that item
b)
The type of item
c)
The discount price of the item
d)
The marketing plan for that ite
10.
Marketing consists of
a)
Activities to promote and sell products/services
b)
Selling items to other businesses
c)
Starting a business with two or more people
d)
Exchanging products for money
11.
Whole Sale businesses sell their goods/services to...
a)
The customer
b)
Other businesses
c)
Production team
d)
Marketing team
12.
When you (the customer) walk into Walmart to purchase something you are buying from a...
a)
Retail store
b)
Whole Sale store
c)
Manufacturer
d)
Entrepreneur
13.
Something that is made or grown to be used or sold
a)
Asset
b)
Cost
c)
Customer
d)
Product
14.
Anytime you purchase a good or service you become the...
a)
Customer
b)
Entrepreneur
c)
Competition
d)
Proprietor
15.
You business Competition is the
a)
The cost of your product
b)
Person or business you are competing against
c)
The offer that you give someone else
d)
The assets that your business has
16.
An Asset is...
a)
An offer that is made to a customer
b)
Someone who buys your products
c)
An important product
d)
Something of value that a person or company owns
17.
A counter offer usually occurs after...
a)
A previous offer
b)
A customer purchases an item
c)
You open a new business
d)
The product is made
18.
When you give someone the opportunity to accept or take something
a)
Offer
b)
Risk
c)
Publicity
d)
Disadvantage
19.
Entrepreneurs take a big _______ when deciding to start their own business, because their success or failure is all their responsibility.
a)
Profit
b)
Risk
c)
Prototype
d)
Sale
20.
An exclusive right to an invention
a)
Patent
b)
Prototype
c)
Advantage
d)
Asset
21.
The first example or model for a product that will be developed later
a)
Profit
b)
Equity
c)
Valuation
d)
Prototype
22.
To have a benefit or gain
a)
Advantage
b)
Disadvantage
c)
Opportunity
d)
Risk
23.
To have a loss, damage or harm puts you at a(n)...
a)
Advantage
b)
Profit
c)
Disadvantage
d)
Cost
24.
This person has all of the authority when making business decisions
a)
CEO (Chief Executive Officer)
b)
Manufacturer
c)
Business employee
d)
Customer
25.
Something that attracts customers to your business
a)
Publicity
b)
Profit
c)
Assets
d)
Equity
26.
A company that makes/produces a product
a)
Retailer
b)
Manufacturer
c)
Whole Saler
d)
CEO
27.
After you pay all of your costs and expenses the money you have left is called your...
a)
Profit
b)
Cost
c)
Opportunity
d)
Prototype
28.
A good chance to progress or advance is called a(n)...
a)
Opportunity
b)
Patent
c)
Risk
d)
Valuation
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