WorksheetsEntrepreneurship
Total questions: 20
Worksheet time: 9mins
Name
Class
Date
1.
Owners of stock in a company
a)
partnership
b)
sole proprietorship
c)
stockholders
d)
corporation
2.
Starting and owning a person's own business
a)
corporation
b)
entrepreneurship
c)
sole proprietorship
d)
partnership
3.
The right to sell a company's products in a specified area.
a)
sole proprietorship
b)
corporation
c)
franchise
d)
retail business
4.
A business that performs tasks for customers.
a)
retail business
b)
service business
c)
franchise
d)
corporation
5.
A business owned by two or more people.
a)
Sole proprietorship
b)
corporation
c)
Entrepreneurship
d)
Partnership
6.
A business that sells products like food, clothing, and cars.
a)
retail business
b)
service business
c)
franchise
d)
corporation
7.
A business owned by one person.
a)
Corporation
b)
Franchise
c)
Partnership
d)
Sole Proprietorship
8.
A business that can legally act as a single person, even though many people may own it.
a)
Corporation
b)
Entrepreneurship
c)
Franchise
d)
Partnership
9.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
10.
Some people become entrepreneurs by turning part-time work experiences into full-time businesses.
a)
True
b)
False
11.
Entrepreneurs cannot own franchises.
a)
True
b)
False
12.
Entrepreneurs want to be their own bosses, set their own working hours, and make their own decisions.
a)
True
b)
False
13.
Working capital is money needed to start a business.
a)
True
b)
False
14.
When setting the prices of goods or services, business owners must consider the prices charged by competitors.
a)
True
b)
False
15.
A sole proprietorship is the most difficult type of business to start.
a)
True
b)
False
16.
Not planning for business expenses is one of the biggest mistakes entrepreneurs make.
a)
True
b)
False
17.
In most cases, stockholders have major responsibility for business decisions.
a)
True
b)
False
18.
Stockholders elect a board of directors.
a)
True
b)
False
19.
Which of the following is a retail business?
a)
Barber
b)
Auto Body Shop
c)
Lawn mowing business
d)
Car dealer
20.
Which of the following is a service business?
a)
Walmart
b)
Woodys Automotive
c)
The Great Pumpkin Patch
d)
McDonalds
100 %
