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Entrepreneurship

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

A person who starts a new business or purchases an existing business

a)

Entrepreneur

b)

Mentor

c)

Friend

d)

Genius

2.

Distinguishing characteristics or quality that makes a person unique.

a)

leadership

b)

trait

c)

mentor

d)

job-specific skills

3.

Ability to influence others to reach a goal.

a)

leadership

b)

trait

c)

mentor

d)

job-specific skills

4.

Critical skills necessary to perform the required work related tasks of a position

a)

leadership

b)

trait

c)

mentor

d)

job-specific skills

5.

Skills gained through life experience or working on a job that help an individual perform in the workplace or gain success in a career; also known as foundation skills.

a)

leadership

b)

trait

c)

mentor

d)

transferable skills

6.

Someone with experience who can provide advice, suggestions, and ideas.

a)

leadership

b)

planner

c)

mentor

d)

job-specific skills

7.

Process of setting goals and deciding how to accomplish them.

a)

planning

b)

mentoring

c)

leading

d)

application

8.

Which is not one of the 5 P's of Entrepreneurship?

a)

purpose

b)

passion

c)

philathropy

d)

persistance

9.

Which of the following is an independent agency of the federal government dedicated to helping entrepreneurs start, build and grow their business?

a)

US Small Business Administration (SBA)

b)

Securities Exchange Commission (SEC)

c)

Bureau of Labor Statistics (BLS)

d)

Service Corps of Retired Executives

10.

Which of the following is a non profit association of more than 13,000 retired and active business people?

a)

US Small Business Administration (SBA)

b)

Securities Exchange Commission (SEC)

c)

Bureau of Labor Statistics (BLS)

d)

Service Corps of Retired Executives

11.

_____is borrowing money that must be repaid for use in the business

a)

Venture Capital

b)

Market Research

c)

Debt Financing

d)

Equity Financing

12.

A sentence describing the purpose of the business.

a)

capital structure

b)

mission statement

c)

start up capital

d)

angel investors

13.

_______ financial statements based on estimates of future business performance, sales, and expenses.

a)

Pro Forma Cash Statements

b)

Pro Forma Balance Sheet

c)

Pro Forma Income Statement

d)

Pro Forma Financial Statements.

14.

______ projects revenues and expenses to show whether or not a business is profitable.

a)

Pro Forma Cash Statements

b)

Pro Forma Balance Sheet

c)

Pro Forma Income Statement

d)

Pro Forma Financial Statement

15.

_____ is an asset pledged that will be claimed by the lender if the loan is not repaid.

a)

Equity Financing

b)

Venture Capital

c)

Debt Financing

d)

Collateral