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Entrepreneurship Vocabulary Quiz

Total questions: 20

Worksheet time: 18mins

Name
Class
Date
1.

What is a green company?

a)

Company that has excess money

b)

Company that adopts business practices aimed at protecting or improving the environment

c)

Company that promotes greenery

d)
2.

A nonprofit organization is designed

a)

to make money

b)

provide freebies to everybody

c)

to serve the good of society

d)

breakeven

3.

An entrepreneur is

a)

a chief executive officer

b)

an investor

c)

a person that wants to start a business

d)

someone who creates and runs their own business

4.

Risk is

a)

the chance of losing something

b)

losing money

c)

losing time

d)

losing energy

5.

A serial entrepreneur can be defined as

a)

people that are assigned a serial number when starting their business

b)

people that break the law in business

c)

people who take what they learn when starting a business to start many more

d)

none of the above

6.

Industries are defined as

a)

something based on their employment status

b)

broad groups of businesses or organizations with similar activities, products, or services

c)

occupations in the same field of work that require similar skills

d)

being in the same knowledge, competencies, and training

7.

An internship is

a)

a work program that provides practical, on-the-job training in a business setting

b)

paid

c)

unpaid

d)

ridiculous, and never provides real life experience

8.

A physical, tangible item that a business sells to a customer

a)

Place

b)

Price

c)

Product

d)

Service

9.

A company or group of people authorized to act as a single entity and recognized as such in law.

a)

Corporation

b)

Corperation

10.

Is anything owed by an individual or a company.

a)

Liability

b)

Liable

11.

Business Plan

a)

Appears first but is written last and summarizes the rest of the document.

b)

A formal statement of a set of business goals, the reasons why the goals are believed attainable.

12.

Executive Summary

a)

Appears first but is written last and summarizes the rest of the document.

b)

Aformal statement of a set of business goals, the reasons why the goals are believed attainable.

13.

Storming

a)

This stage of team development takes place at the very beginning of the development cycle when members are just getting to know each other.

b)

This second stage of the team development cycle is characterized by loss of enthusiasm and doubt.

14.

Forming

a)

After reassessing methods and goals, this stage of team development refocuses the team on the mission and goals they began with.

b)

This stage of team development takes place at the very beginning of the development cycle when members are just getting to know each other.

15.

worker is a synonym for which vocabulary word?

a)

employer

b)

consumer

c)

employee

d)

mind set

16.
Valuation means...
a)
Benefit or gain
b)
The price of a product
c)
You describe your personal values
d)
To make a judgement about the value of something
17.
One person who owns and operates their own business is called a
a)
Partner
b)
Marketing Agent
c)
(Sole) Proprietor
d)
Retailer
18.
This person has all of the authority when making business decisions
a)
CEO (Chief Executive Officer)
b)
Manufacturer
c)
Business employee
d)
Customer
19.
Business entity that is easy to start and has a single owner.
a)
proprietorship
b)
partnership
c)
limited liability company
d)
corporation
20.
Business entity that blends elements of partnership and corporate structures.
a)
proprietorship
b)
limited liability company
c)
partnership
d)
corporation