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WorksheetsSmall Business & Entrepreneurship Key Terms
Total questions: 15
Worksheet time: 11mins
Name
Class
Date
1.
This is a proposal that describes a new business.
a)
Business Plan
b)
Blueprint
c)
Venture
d)
Opportunity
2.
Data that describes a group of people in terms of their age, marital status, gender, etc.....
a)
survey
b)
data
c)
demographics
d)
business plan
3.
An individual who undertakes the risk associated with creating, organizing, and owning a business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
4.
The process of starting & operating one's own business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
5.
This is also called a "Market Economy", where businesses are owned by private individuals & groups.
a)
Free Enterprise System
b)
Market Economy
c)
Command Economy
d)
Traditional Economy
6.
An idea that has commercial value is......
a)
non-profit
b)
opportunity
c)
service business
d)
undertaking
7.
When you go into business for yourself, there's a chance of damage or loss. This is known as....
a)
opportunity
b)
venture
c)
business
d)
risk
8.
A business undertaking involving risk.
a)
venture
b)
adventure
c)
opportunity
9.
This is a type of business that is owned & operated by 1 person.
a)
corporation
b)
sole proprietorship
c)
franchise
d)
partnership
10.
A form of business ownership where 2 or more people share the assets, liabilities and profits.
a)
franchise
b)
partnership
c)
corporation
d)
sole proprietor
11.
This is a business that is chartered by the state; they are owned by stockholders but run by the CEO.
a)
sole proprietorship
b)
franchise
c)
partnership
d)
corporation
12.
In this type of business, you given the right to sell a company's goods/services in a particular geographic area.
a)
franchise
b)
corporation
c)
partnership
d)
sole proprietorship
13.
A type of business that sells products directly to consumers.
a)
retail business
b)
service business
c)
e-commerce business
d)
e-marketing business
14.
An organization that is set up to help those in need, and may make money, but uses it for the sole purpose to further it's goal, not to become rich.
a)
profit business
b)
non-profit business
c)
retail business
15.
Work that is done for others is what type of business organization?
a)
service business
b)
retail business
c)
business plan
d)
blueprint
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