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WorksheetsBecoming an Entrepreneur
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Is an Entrepreneur an employee that works for a small business?
a)
True
b)
False
2.
What is Entrepreneurship?
a)
Job shadowing for customers
b)
The process of working under a boss
c)
The process of starting, organizing, managing, and assuming the responsibility for a business
d)
Working the cash
3.
Describe Venture Capital
a)
Money that is taken from you and used for government use
b)
Loan from your personal bank
c)
Main office of a business
d)
Money provided by large investors to finance new products
4.
True or False:
Innovation is an invention or creation that is brand new
Innovation is an invention or creation that is brand new
a)
True
b)
False
5.
Becoming an Entrepreneur starts with having ...
a)
Money
b)
An idea
c)
Name
d)
All of the above
6.
True or False:
Is it bad to expand your small business?
Is it bad to expand your small business?
a)
True
b)
False
7.
What is financing...
a)
Providing funding for a person or enterprise
b)
A loan from a bank
c)
Saving Money
d)
Cashing out on a business
8.
Small businesses are responsible for most....
a)
Financing
b)
Getting good reviews
c)
Keeping customers coming back
d)
New Employment
9.
Over what percent of new jobs were created by businesses with fewer than 500 employees?
a)
20%
b)
60%
c)
45%
d)
30%
10.
An improvement is a(n)...
a)
idea
b)
Starting over on your product
c)
designed change that increases the usefulness of a product, service, or product
d)
None of The Above
11.
True or False:
Would a doctor with his/her on firm be an entrepreneur?
Would a doctor with his/her on firm be an entrepreneur?
a)
True
b)
False
12.
True or False:
Could there be more than one owner of a business?
Could there be more than one owner of a business?
a)
True
b)
False
13.
New and small business produce a large volume of ______ and ______ for the economy.
a)
Knowledge and Training
b)
Managing and Organizing
c)
Products and Money
d)
Goods and Services
14.
The primary reasons that businesses started by entrepreneurs close are:
a)
Lack of adequate capital
b)
Low Sales
c)
Competitive Pressure
d)
All of the above
15.
True or False:
More than 2,900 companies receive venture capital each year.
More than 2,900 companies receive venture capital each year.
a)
True
b)
False
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