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Entrepreneurship

Total questions: 11

Worksheet time: 4mins

Name
Class
Date
1.

Commitment to get something done.

a)

Obligation

b)

Determination

c)

Credit-worthiness

2.

Debt owed to someone that is paid monthly.

a)

Obligation

b)

Default

c)

Installment Payment

3.

What are 3 types of entrepreneurial businesses? Select all that apply.

a)

Teaching

b)

Retailing

c)

Manufacturing

d)

Coaching

e)

Wholesaling

4.

Required forms that a company must complete and submit to the appropriate government agency.

a)

Legal Filings

b)

Shareholder

c)

Financial Literacy

5.

Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment.

a)

Collateral

b)

Variable Costs

c)

Legal Filings

6.

Failure to repay a loan.

a)

Shareholder

b)

Determination

c)

Default

7.

Costs that vary based on the units sold by your enterprise.

a)

Obligation

b)

Variable Costs

c)

Collateral

8.

An individual or company that owns shares in a company.

a)

Collateral

b)

Credit-worthiness

c)

Shareholder

9.

A payment that is owed every month.

a)

Default

b)

Obligation

c)

Installment payment

10.

Understanding how individuals and businesses earn money and what they spend money on.

a)

Financial Literacy

b)

Determination

c)

Legal Filings

11.

A person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan.

a)

Variable Costs

b)

Financial Literacy

c)

Credit-worthiness