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Worksheets3.02 Entrepreneurship
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
The process of starting and running a business.
a)
Entrepreneurship
b)
Technical Skills
c)
Independent Skills
2.
The stage in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc.
a)
Actualization
b)
Discovery
c)
Harvesting
d)
Concept Development
3.
The stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect intellectual property.
a)
Discovery
b)
Harvesting
c)
Concept Development
d)
Actualization
4.
The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.
a)
Concept Development
b)
Harvesting
c)
Resourcing
d)
Actualization
5.
The stage in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives.
a)
Actualization
b)
Harvesting
c)
Resourcing
d)
Concept Development
6.
The stage in which the entrepreneur decides on venture’s future growth, development, or demise.
a)
Concept Development
b)
Resourcing
c)
Harvesting
d)
Actualization
7.
A new or different product
a)
Harvesting
b)
Innovation
c)
Opportunity
d)
Risk
8.
An individual who undertakes the risk associated with creating, organizing, and owning a business
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
d)
Mission Statement
9.
Applying principles of right and wrong to situations in the workplace
a)
Innovation
b)
Risk
c)
Business Ethics
d)
Opportunity
10.
A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture
a)
Innovative
b)
Business Ethics
c)
Resourcing
d)
Code of Ethics
11.
A written description of the purpose of a company and the management’s philosophy.
a)
Harvesting
b)
Mission Statement
c)
Resourcing
d)
Actualization
12.
An idea that has commercial value
a)
Risk
b)
Innovation
c)
Opportunity
d)
Resourcing
13.
Sometimes referred to as “mom and pop” businesses. Small businesses are generally started to create jobs for the owners.
a)
Corporation
b)
Small business
c)
McDonalds
14.
Data that describes a group of people in terms of their age, marital status, family size, ethnic background, gender, education, and income
a)
Harvesting
b)
Demographics
c)
Resourcing
d)
Actualization
15.
A business undertaking involving risk
a)
Venture
b)
Risk
c)
Opportunity
d)
Harvesting
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