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Chapter 1 Entrepreneurship

Total questions: 17

Worksheet time: 8mins

Name
Class
Date
1.

Everyone has the same aptitudes

a)

True

b)

False

2.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
3.

Who created tiktok?

a)

Zhang Yiming

b)
Elon Musk
c)
JK Rowling
d)
Walt Disney
4.
A person who organizes and runs his or her own business
a)
President
b)
entrepreneur
c)
employee
d)
entrepreneurship
5.
The process of starting a new business
a)
apprenticeship
b)
entrepreneurship
c)
internship
d)
job
6.
The chance of danger or loss
a)
Risk
b)
Options
c)
Reward
d)
Benefit
7.
A person who works in a business owned by someone else
a)
slave
b)
entrepreneur
c)
owner
d)
employee
8.

Entrepreneurs are people who have business experience and are in their late 30's and early 40's.

a)

True

b)

False

9.

Ethical behavior is not an important factor in business.

a)

True

b)

False

10.

The following companies are manufacturing companies except

a)

Honda

b)

Apple

c)

American Eagle

d)

Boeing Co.

11.

The following are important characteristics an entrepreneur should possess EXCEPT

a)

competent

b)

creative

c)

confrontational

d)

determined

12.

Which of the following is an example of a service business

a)

Jiffy Lube

b)

Dunkin

c)

Ricco's

d)

Target

13.

If you like working with numbers, which of the following businesses would be appropriate?

a)

baby sitter

b)

Tax preparation business

c)

Hair dresser

d)

Cake designer

14.

Which of the following is a Service business

a)

Hairdresser

b)

Mosquito Squad

c)

landscaper

d)

all of the above

15.

Team members who have the right set of skills needed to get the job done are demonstrating

a)

creativity

b)

cooperation

c)

Competency

d)

Commitment

16.

Small firms with fewer than 500 employees represent about ___percent of all businesses in the U.S.

a)

45%

b)

85%

c)

99%

d)

100%

17.

Problem solving model....

a)

The ability to solve problems in a model

b)

An effective set of skills into a step-by-step process

c)

Being able to solve a problem

d)

A 3D model of hoe to solve a problem