WorksheetsEntrepreneurship Review Part II
Total questions: 35
Worksheet time: 18mins
People who own, operate, and take risk of a business venture
Aptitude
Employee
Entrepreneurs
Entrepreneurship
People who work for someone else
aptitude
employee
entrepreneur
entrepreneurship
_______________________ refers to the quantity of a product that producers are willing and able to produce at a given price.
Demand
Consumed
Supply
Free Enterprise
What is NOT an example of a product?
Tricycle
Popsocket
Haircut
Umbrella
Which is an example of a target market?
Teenages
A salon
Washing hands
Water
Who started Microsoft?
Steve Jobs
Bill Gates
Mark Zuckerberg
Warren Buffet
_______________ is being able to manage your calendar, work, email, social media, and projects.
professional management
resource management
referral management
personal management
Who established IKEA at 17 years old?
Ingrid Bergman
Bella Weems
Invgar Kamprad
Pete Incaviglia
Someone who does contract work for different companies to complete projects or assignments is referred to as:
an entrepreneur
a leader
an employee
a freelancer
Being consistent in your actions, values, attitudes, principles, and methods; doing the right things in the right ways.
selflessness
integrity
courtesy
ingenuity
Total revenue minus total expenses equals:
gross revenue
salary
profit
take home pay
Socialism, the opposite of capitalism, is typical of what type of economic system?
traditional
command
market
mixed
_____________ is a key characteristic of capitalism.
competition
workers
resources
leadership
A document subtracting all of the expenses from all the sources of income for a given period of time.
tax return
Profit and Loss statement
call sheet
executive summary
What two aspects of your business records are vital to manage?
accounting and document managment
accounting and income
receipts and document management
profit and loss
The effeective use of all the things available to your business is known as:
business management
financial management
resource management
personal management
Gross profit minus all the expenses related to the business is referred to as:
net income
negative revenue
total income
net profit
Resource management refers to the effective use of what item for business?
equipment
products
money
all of these
Everything a business does to convince customers to buy their product or service.
branding
marketing
social media
entrepreneurship
Your target market is defined as:
people who live in your neighborhood
people you know including your friends, family, and social media contacts
people who want what you have to offer and are willing to pay the price you charge
all of the people who could become potential customers if they knew about your business.
ROI stands for:
return on interest
return on investment
return on intern
run on imports
Which of the following is NOT a key to marketing the right way to the right people?
know who you are
know who your customer is
know how much your customers spend
know your customers income level
What you want your customers to sense whenever they think about your business is referred to as the:
look
tone
logo
feel
The percentage of a market controlled by a company or product.
market share
marketplace need
ROI
equity
When hiring staff, what is a good trial period to make sure they are the right person for the job?
30 days
60 days
90 days
100 days
What is the best advice to keep in mind as you grow your business?
grow at the speed of cash
grow as quickly as you can
hire extra help so you can make more money
use debt to help you grow faster
A _____________ is a written document that outlines your goals and how you plan to reach those goals.
business plan
business summary
business description
business marketing
