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Chapter 1-Importance of Entrepreneurship

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

An entrepreneur

a)

is responsible for his or her business success

b)

works for someone else

c)

must take college level courses

d)

must employ more than five employees

2.

By definition, an entrepreneur

a)

has fewer benefits than an employee

b)

works in a larger company than an employee

c)

risks more than an employee

d)

earns less than an employee

3.

Entrepreneurs have a great need for

a)

personal freedom

b)

making a lot of money

c)

taking risks

d)

all of the above

4.

Which of the following is a reward of being an entrepreneur?

a)

making your own hours

b)

doing work you enjoy

c)

acting on your own decisions

d)

all of the above

5.

Which of the following is not a risk of being an entrepreneur?

a)

getting fired

b)

losing time with family

c)

not making much money

d)

making a bad business decision

6.

A serial entrepreneur is

a)

someone who uses money from sale of a business to start another business

b)

someone who learns from previous successes and failures

c)

someone who starts more than one business

d)

all of the above

7.

One of the rewards of being an entrepreneur is being able to help your community

a)

True

b)

False

8.

Employees typically work longer hours than entrepreneurs.

a)

True

b)

False

9.

The primary motivation for becoming an entrepreneur is to make money.

a)

True

b)

False

10.

In today's business world, most entrepreneurs use the internet in some way.

a)

True

b)

False