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WorksheetsEntrepreneurship Pretest
Total questions: 45
Worksheet time: 22mins
Name
Class
Date
1.
Oral communication skills are important for any career, whether you use it in informal conversations or business presentations.
a)
True
b)
False
2.
Requires, a sender, receiver, and a message
a)
Attitude
b)
Communication
c)
Conflict
d)
Sympathy
3.
Using gestures to communicate
a)
Non-verbal
b)
Verbal
c)
"You" Message
d)
"I" Message
4.
All are examples of communicating non-verbally expect...
a)
Gestures
b)
Voice
c)
Posture
d)
Touch
5.
The 2 Types of communication are:
a)
Verbal and Gestures
b)
Verbal and Eye Contact
c)
Non-Verbal and Eye Contact
d)
Verbal and non-verbal
6.
Written messages used by employees within an organization to communicate with one another.
a)
E-mail
b)
Letter
c)
Memo
d)
Agenda
7.
Walmart Supercenter
Attn: Deli Department Manager
120 Dream Lane
Dallas, TX 87310
This is an example of:
Attn: Deli Department Manager
120 Dream Lane
Dallas, TX 87310
This is an example of:
a)
Body
b)
Inside Address ( Letter Address)
c)
Return Address (Writer's Address)
d)
Salutation
8.
Yours truly
is an example of:
is an example of:
a)
Salutation
b)
Complimentary Closing
c)
Body
d)
Writer
9.
Dear Ms. Weaver is an example of:
a)
Complimentary closing
b)
Attachment
c)
Salutation
d)
Inside Address
10.
What is the most common method of communication for many businesses?
a)
Facetime
b)
Email
c)
Instant messge
d)
All of these
11.
USE ALL CAPS when sending emails.
a)
True
b)
False
12.
specific group for which a business's products, services and marketing efforts are intended
a)
Mass Marketing
b)
Goals
c)
Target Market
d)
Secondary Research
13.
Which of the following is NOT true about an entrepreneur?
a)
a. An entrepreneur has ownership in the business
b)
b. An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him
c)
c. An entrepreneur gets to act as his own boss.
d)
d. An entrepreneur is responsible for the success of their business
14.
Which of the following is an advantage of starting your own business?
a)
a. During the startup phase, you do not have to think about funding
b)
b. You have control over where and when you work
c)
c. As long as you make a business plan, you will know what obstacles to expect
d)
d. You are in charge of the decision making so there is little to no risk
15.
What is the main difference between a personal characteristic and a skill?
a)
a. Many people are born with business skills, but not characteristics
b)
b. Characteristics become skills over time
c)
c. You can learn a characteristic, but not skills
d)
d. Skills can be learned while characteristics are inherent qualities
16.
What role do entrepreneurs play in economics?
a)
a. Entrepreneurs tell consumers what they should want or need
b)
b. Entrepreneurs create the businesses that produce products that meet the wants and needs of consumers
c)
c. Entrepreneurs borrow money from the economy to start their businesses
d)
d. None of the above
17.
Which of the following ensures a good idea for a business is an actual business opportunity?
a)
a. The idea solves a unique need or want in the market that a group of customers is willing to buy.
b)
b. The idea is something that no one has ever thought of before
c)
c. The entrepreneur is really passionate about the idea
d)
d. The entrepreneur will have to spend a lot of money and time to implement the idea
18.
Which of the following should you NOT do when collecting and evaluating data on your market?
a)
a. Find data on what your target market segment thinks and shift your business to meet their needs or wants
b)
b. Only look for data that supports your initial idea
c)
c. Gather data on what your competitors are doing and create a competitive advantage to stay relevant in the market
d)
d. Collect data from a variety of sources and perspectives
19.
Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step?
a)
a. Create a business pitch
b)
b. Get a mentor
c)
c. Estimate the target market
d)
d. Immediately put down a deposit for a storefront property
20.
The majority of businesses are this type of this business ownership but generate the least amount of sales.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
21.
This type of business is subject to many more laws and are more difficult to form.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
22.
The process of an individual or a group of individuals using organized efforts to pursue opportunities to meet needs and wants through innovation is
a)
Entrepreneurship
b)
Producing
c)
Marketing
d)
Manufacturing
23.
A business owned by one person is
a)
a cooperative
b)
a corporation
c)
a partnership
d)
a sole proprietorship
24.
The willingness and ability to buy a good is known as
a)
Supply
b)
Demand
c)
Compliment
d)
Price
25.
What is the biggest factor that affects demand?
a)
Quantity
b)
Price
c)
Supply
d)
Substitute
26.
A chart that shows how much one person would pay for a certain product at a certain price is known as �
a)
Demand Curve
b)
Equilibrium Chart
c)
Income Curve
d)
Demand Schedule
27.
When your supply exceeds your demand you will have a...
a)
Shortage
b)
Surplus
c)
Scarcity
d)
Incentive
28.
Ford is charging 15% more on the new 2018 Ford F150 because people have been buying them so fast. They are overcharging because they are experiencing a...
a)
Surplus
b)
Scarcity
c)
Incentive
d)
Shortage
29.
Another word for limited resources is...
a)
Wants
b)
Scarcity
c)
Needs
d)
Surplus
30.
Demand is how many people want the goods that are available. If _____ people want the goods available, there is _____.
a)
many, high demand
b)
aren't many, high demand
c)
aren't many, low demand
d)
many, low demand
31.
Markets are the means by which buyers & sellers carry out exchange.
a)
True
b)
False
32.
Why do we communicate?
a)
Solve Problems
b)
Establish Relationships
c)
Understand other people
d)
All of the above
33.
What is the first thing you should do when handed a set of instructions?
a)
read them completely
b)
start with number one on the list
c)
skim the directions quickly
d)
just look at the pictures
34.
Becoming an Entrepreneur starts with having ...
a)
Money
b)
An idea
c)
Determination
d)
All of the above
35.
You must buy more than one share of stock to be considered an owner of a corporation
a)
True
b)
False
36.
A natural ability to do a particular type of work or activity well is called
a)
a skill
b)
an attitude
c)
an aptitude
d)
self-esteem
37.
As an entrepreneur, the amount of money you received from your company
a)
is constant, like a paycheck for any other employee
b)
is typically less than for an employee
c)
is typically more than for an employee
d)
may go up or down, depending on the business
38.
Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of
a)
advertising.
b)
money
c)
employees.
d)
commitment
39.
What is a disadvantage of entrepreneurship?
a)
Personal satisfaction
b)
Uncertain income
c)
Lower taxes
d)
Flexible schedule
40.
Analyzing the strengths and weaknesses of your competition is a waste of resources.
a)
True
b)
False
41.
A ______________ is a quick description of your business that you use to explain it to potential investors.
a)
business plan
b)
sales forecast
c)
business pitch
d)
business analysis
42.
Which of the following would be an example of a manufactured good?
a)
TV
b)
Glasses
c)
Sports Car
d)
All of the above
43.
Which of the following is an advantage of the corporation as a form of business ownership:
a)
Less complex requirements
b)
Separate owners and managers
c)
Limited liability
d)
High Taxes
44.
What is an example of an oligopoly?
a)
soft drink industry
b)
cellphone industry
c)
cookie industry
d)
milk industry
45.
Essential rule in economics that states when the price of a product goes up, demand goes down and when the price goes down, demand goes up.
a)
Demand Curve
b)
Consumer Effect
c)
Possibility Curve
d)
Law of Demand
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