wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Starting a business

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.
Which of the following are characteristics of successful entrepreneurs?
a)
Creative, work hard, self-confident
b)
Goal-oriented, will to work while others play, highly motivated to succeed
c)
Strong desire to have control, high energy levels
d)
All of the Answers
2.
The 3 basic ways to start a business are to?
a)
analyze the competition, buy a building, or join a professional association
b)
buy an existing business, buy a franchise, start a business from scratch
c)
work for parents, get ideas from friends, join chamber of commerce
d)
All of the Answers
3.
The purpose of a business plan is to?
a)
describe how a business will operate
b)
guide development of the business
c)
obtain a loan
d)
All of the Answers
4.
Market segmentation is NOT important when planning a new business
a)
True
b)
False
5.
An advantage of entrepreneurship is that you determine your work schedule
a)
True
b)
 False
6.
Entrepreneurship sometimes experiences large financial losses
a)
True
b)
 False
7.

Has the unemployment rate been going up or down over the last 4 years?

a)

Up

b)

Down

8.

What is the prime interest rate in the US

a)

4%

b)

6%

c)

12%

d)

2.5%

9.

How many small businesses are in the US in 2018?

a)

16 Million

b)

30.2 Million

c)

5 Million

d)

68 Million

10.

What is a great way to come up with ideas

a)

Barnstorming

b)

Brainstorming

c)

Brain games

11.

Brainstorming is

a)

not helpful

b)

a waste of time

c)

a long detailed process

d)

listing of ideas about a certain subject

12.

Entrepreneurs are all of the following expect

a)

Hard working

b)

Take charge personality

c)

Lazy

d)

Risk takers

13.

Small business owners can expect all of the following expect

a)

Long hours

b)

Financial responsibility

c)

Immediate success

d)

Risk

14.

In the first 5 years how many small businesses fail?

a)

1 in 10

b)

4 in 5

c)

4 in 10

d)

not many

15.

Advantage of owning a business?

a)

Risk

b)

Long hours

c)

Being the boss

d)

Financial issues