WorksheetsEntrepreneurship Unit 1 Review
Total questions: 10
Worksheet time: 5mins
Which of the following is a disadvantage of starting a business from scratch (the ground up).
Difficult to establish credit with lenders, suppliers and other vendors
You can create your own unique vision
Innovate with fresh ideas and processes
Choose who you will work with
Which of the following is NOT an advantage of entering the family business
Established reputation in the community
Help and training from previous owner (family member)
Fighting and family conflict about how the business should be run
Relationships with customers, vendors, suppliers, employees etc.
Which of the following trends continue to create opportunities for entrepreneurs?
focus on health and fitness
Interest in ethnic products
indulgence in luxury services and expensive goods
You can identify opportunities by watching ______ change such the aging of the Baby Boomers or the large number of Millennials now between the ages of 20-35.
geographic
demographic
psychographic
none of these
Opportunities are ideas that have commercial potential
True
False
Entrepreneurs are born, not made.
This statement is false because you can learn skills and develop the traits needed to be an entrepreneur
This statement is true because you either have it, or you don't.
Which of the following is a skill needed by successful entrepreneurs? (mark all that apply)
communication
problem-solving
teamwork
organizing and planning
Which of the following is NOT a common trait of an entrepreneur?
independent
lazy
persistant
creative
Which of the following is NOT a common reason to start a business?
Freedom to set your own schedule
Risk losing investment
Do what you love and turn a passion into a career.
Potential for greater career success
Which of the following is a common reason to start a business?
Uncertain Income
Hard Work and Long Hours
Be Your Own Boss and work for yourself
Risk losing your investment
