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WorksheetsUnit 1 Review
Total questions: 60
Worksheet time: 20mins
An entrepreneur
is responsible for his or her business success
works for someone else
must take college level courses
must employ more than five employees
By definition, an entrepreneur
has fewer benefits than an employee
works in a larger company than an employee
risks more than an employee
earns less than an employee
Which of the following is a reward of being an entrepreneur?
making your own hours
doing work you enjoy
acting on your own decisions
all of the above
Which of the following is not a risk of being an entrepreneur?
getting fired
losing time with family
not making much money
making a bad business decision
A serial entrepreneur is
someone who uses money from sale of a business to start another business
someone who learns from previous successes and failures
someone who starts more than one business
all of the above
The classic entrepreneur is one who starts a new business based on an existing concept.
True
False
One of the rewards of being an entrepreneur is being able to help your community
True
False
Employees typically work longer hours than entrepreneurs.
True
False
Long hours and hard work is not a risk of entrepreneurship.
True
False
Which of the following is true about American entrepreneurs?
many work from home
they work hard
they are all ages
all of the above
The ability to perform a specific kind of task after practice is referred to as having
self-esteem
an aptitude
an attitude
a skill
Which of the following is not generally a personal characteristic of a successful entrepreneur?
creativity
curiosity
courage
cautiousness
Which of the following is not a skill needed by an entrepreneur?
organizational skill
business skill
drawing skill
computer skill
An attitude is
a way of thinking about something that affects how you feel about it
a feeling you can choose to have
a feeling that can be positive or negative
all of the above
Self-assessment is something that
is more important for employees than entrepreneurs
helps you maximize your strengths and weaknesses
entrepreneurs do not consider when hiring employees
all of the above
Which trait is not part of the NFTE Entrepreneurial Mindset?
risk avoidance
flexibility
persistence
critical thinking
A skill is an ability that you can learn through training and practice
True
False
Entrepreneurs do not need "people skills" to be successful.
True
False
In the United States, fewer than half of the entrepreneurs have some college education.
True
False
Entrepreneurs tend to be people with positive attitudes.
True
False
Instead of seeing problems, a successful entrepreneur usually sees opportunities.
True
False
The practice of giving employees the chance to try out new ideas within a company is called
mentoring
envisioning
intrapreneurship
entrepreneurship
Developing an entrepreneurial mindset will help you
whether you start a business or work as an employee for a company
invest your money
only if you start a business
only if you work as an employee
An intrapreneur is someone who
thinks and behaves like an entrepreneur even when working as an employee
has been given some freedom by his or her employer to be creative and try new ideas
is more likely to feel inspired in his or her job
all of the above
If you enjoy learning and using computer code, you should check out the
finance career cluster
social media career cluster
information technology career cluster
business management and administration career cluster
Agricultural, Food & Natural Resource is an example of a(n)
career pathway
career cluster
entrepreneurship study
multinational business
Job shadowing means
to thank someone for hiring you
to call and make an appointment for a job interview
to take someone’s job
to follow someone around at his or her job to learn about it
An internship is
different from an apprenticeship because it pays more
an opportunity to be an entrepreneur
a business class that enables you to study the career of your choice
a work program that provides valuable on-the-job training and career experience
A mentor can provide you with
job contacts
career advice
support in skill building
all of the above
Thinking like an entrepreneur can help you become a more valued employee.
T
F
Another word for internship is apprenticeship.
T
F
Volunteers are well-paid workers.
T
F
One way to gain experience in a particular business is through an internship program.
T
F
An information interview is an opportunity to talk with someone who has a career that might interest you.
T
F
Employers tend to avoid hiring employees who have entrepreneurial mindsets.
T
F
When looking into future careers, start by examining your own passions and interests.
T
F
If you want to find out how much a job might pay, visit the U.S. Bureau of Labor Statistics website.
T
F
By donating money to a nonprofit organization, an entrepreneur demonstrates
in-kind donation
philanthropy
sustainability
all of the above
One way to reduce a business's carbon footprint is through
greenwashing
ethical sourcing
carbon offsets
in-kind donations
A carbon footprint is a measurement of
the amount of carbon one person or business uses
the amount of carbon offsets purchased
the amount of alternative energy on person or business uses
the degree of carbon in the environment
The practice of a business overstating its commitment to environmental responsibility is called
greenwashing
green lacking
sustainability
conflict of interest
Corporate social responsibility balances
profit and growth with the personal benefit
good of society with the needs of the economy
good of society with profit and growth
profit and growth with the needs of the economy
A "green" company
is also called a dot-com company
earns a lot of money
aims at protecting the environment
all of the above
The goal of sustainable economic development is to
protect consumers from foreign goods that might be unsafe
limit the quantity of a product that can be imported into a country
maintain and improve the quality of life and the environment
control the flow of goods and services globally
A company putting its logo on the uniforms of a sports team is an example of a sponsorship
T
F
Greenwashing is the measurement of a business's carbon footprint.
T
F
Corporate social responsibility affects everyone connected to a business, including employees and investors
T
F
Using recycled packaging is an example of sustainability.
T
F
Writing a code of ethics will help a business to
attract quality employees
avoid legal problems
enhance its reputation
all of the above
When a musical work is created, it is protected by a
trademark
patent
copyright
none of the above
A device or process can be protected by a
patent
trademark
copyright
all of the above
A brand name can be legally protected by a
patent
copyright
trademark
all of the above
A patent is a symbol that indicates that a brand name is legally protected.
T
F
Copyright includes works published on the internet
T
F
Intellectual property refers to patented inventions
T
F
A conflict of interest exists when personal considerations and professional obligations interfere with each other.
T
F
Confidentiality can be an ethical concern for entrepreneurs.
T
F
A blog is an example of social media.
T
F
One of "The Three C's" in a business plan is Challenge.
T
F
An executive summary is a separate report that contains highlights of a business plan.
T
F
