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WorksheetsEntrepreneurship 1 - Period # 4
Total questions: 25
Worksheet time: 12mins
An economic system in which decisions are made regarding the production and investment which is detailed in a plan.
planned system
free market system
economic system
traditional economic system
An economic system that allows for supply and demand to regulate the cost/prices, wages instead of the government.
economic system
planned market system
free market system
command economic system
This is a dominant centralized system (typically the government) who controls most of the economic activity.
planned economic system
free market system
traditional economic system
command economic system
What would be a positive result can a small business provide in a community?
pay taxes
limit or reduce competition
restrict job growth
decrease taxes
If you were to start a home-based business, what would be your financial concern?
irregular salary
fewer resources & clients
long working hours
lack of creativity
What is something entrepreneurs need to have to grow their business.?
insurance, anxiety, legal
legal representation, insurance & capital
creativity, self-discipline & innovation
What is the purpose of a business plan?
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
Libraries have publications that provide data of interest to entrepreneurs
true
false
Which trait or characteristic would describe a successful entrepreneur?
Lazy
Shy
Bossy
Self Starter
